TITLE

Bi-Lo for sale, but running business as usual

AUTHOR(S)
McTaggart, Jenny
PUB. DATE
May 2007
SOURCE
Progressive Grocer;5/1/2007, Vol. 86 Issue 6, p16
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
25168619

 

Related Articles

  • Food Lion Owner Acquires BI-LO Assets. Davis, Avram // Mergers & Acquisitions Report;10/12/2009, Vol. 22 Issue 41, p28 

    This article reports on the acquisition of the asset of portfolio company BI-LO LLC by the Belgian international food retailer Delhaize Group in 2009. Retail investor Lone Star Funds sold the assets to the owner of Food Lion LLC for 425 million U.S. dollars in cash. The asset sale includes 214...

  • News Watch.  // SN: Supermarket News;2/7/2005, Vol. 53 Issue 6, p6 

    Presents news brief on the retail industry as of February 7, 2005. Completion of sale of Bi-lo Inc. and Bruno's Inc. by Ahold NV to an affiliate of Lone Star Funds; Plan of Price Chopper to build a frozen foods warehouse in Rotterdam, New York; Bid made by Wal-Mart Stores Inc. to acquire...

  • LONE STAR TO PAY $2M TO BRUNO'S.  // SN: Supermarket News;5/25/2009, Vol. 57 Issue 21, p6 

    The article reports that the company Lone Star Funds, the owner of bankrupt chains Bruno's Supermarket Inc. and Bi-Lo LLC, will pay $2m to Bruno's creditors so that Bruno's recent liquidation sale would not bankrupt Bi-Lo too. The payment, along with an agreement from Bi-Lo to subordinate a...

  • Lone Star Takes Bi-Lo Off the Block. Hamstra, Mark // SN: Supermarket News;10/22/2007, Vol. 55 Issue 43, p8 

    The article reports on the decision of Lone Star Funds not to sell the Bi-Lo chain. According to Ed Trissel, a spokesman for Lone Star, they will not sell the company due to the current market conditions. He adds that they will focus on their strategic plan and company objectives. Bi-Lo operates...

  • Update: Piggly Wiggly Carolina Sells 28 Stores. Springer, Jon // Supermarket News Expert Blog;9/16/2013, p8 

    The article reports on the decision made by American grocery chain Piggly Wiggly Carolina Co. to sell its stores to supermarket chains Bi-Lo Holdings LLC and Harris Teeter Inc. in 2013. It mentions that Harris Teeter also plans to acquire a store site in South Carolina as part of its expansion...

  • HeidelbergCement to Sell Hanson Brick.  // Ceramic Industry;Feb2015, Vol. 165 Issue 2, p8 

    The article reports that HeidelbergCement of Germany announced that it has made a definitive agreement with a U.S. affiliate of Lone Star Funds to sell its North American, except Western Canada, and British business called Hanson Building Products for a total purchase price of 1.4 dollars.

  • Lafarge's US$ 700 million gypsum sale.  // International Construction;Jul/Aug2013, Vol. 52 Issue 6, p10 

    The article reports on the sale of the $700 million gypsum plants of the cement producer Lafarge to an affiliate of private equity company Lone Star Funds.

  • Delhaize, Bi-Lo complete deal.  // Supermarket News Expert Blog;6/ 2/2014, p5 

    The article focuses on the Delhaize Group completing its deal for divesting its Harveys, Reid's and Sweetbay stores for 246 million dollars to Bi-Lo Holdings and a separate transaction for selling its Plant City, Florida Sweetbay distribution center for 28 million dollars to C&S Wholesale Grocers.

  • Lone Star to Sell Korea Exchange Bank Stake. Marino, Jonathan // Mergers & Acquisitions Report;3/15/2010, Vol. 23 Issue 11, p15 

    The article reveals that Dallas, Texas-based private investment firm Lone Star Funds is selling its majority interest in Korea Exchange Bank.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics