Bi-Lo for sale, but running business as usual

McTaggart, Jenny
May 2007
Progressive Grocer;5/1/2007, Vol. 86 Issue 6, p16
Trade Publication
The article reports on the announcement by private equity firm Lone Star Funds of its intention to seek a buyer for its 230-store chain Bi-Lo. The announcement followed the news that Bi-Lo's sister chain, Bruno's, has been spun off as a separate entity. However, Bi-Lo's president and chief executive officer Brian Hotarek has reiterated his confidence in the strength of the business, and said the company would continue to pursue its current course, including capital expenditures in its markets.


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