date:Jun 03, 2014
Belgian international food retailer Delhaize Group has completed the divestment of its Sweetbay, Harveys and Reids operations to Bi-Lo Holdings for a sum of $246m.
The retailer, which has a presence in nine countries across three continents, posted revenues of E21.1billion and E179m in net profit in 2013.
Bi-Lo Holdings announced last year that it would rebrand Sweetbay and Reid stores as Winn-Dixie and Bi-Lo stores. The deal gives Bi-Lo 72 Sweetbay stores, plus leases for 10 prior Sweetbay l