Now this is interesting.
Bi-Lo Holdings LLC, parent company of the BI-LO and Winn-Dixie grocery store chains, announced on Wednesday that it has entered into a definitive agreement with Delhaize Group, under which Bi-Lo Holdings will acquire substantially all of the stores in the Sweetbay, Harveys and Reid’s supermarket chains from Delhaize for $265 million in cash.
From this angle, it give Bi-Lo a a much stronger position in the southeast portion of the country and puts the company on better footing as it competes against the region’s big boy, Publix.
Now lets see what Bi-Lo does to compete. A word to the wise: Publix got to its standing in the market by offering a comprehensive and aggressive business plan. The company is a tough, savvy competitor. Bi-Lo made a big step in its battle with Publix. Now the hard work starts.