Delhaize Group, parent company of Food Lion, has made a deal to sell Sweetbay, Harveys and Reid’s stores to Bi-Lo for $265 million.
Bi-Lo will take over 155 stores as well as leases for 10 former Sweetbay locations.
Delhaize will keep Sweetbay’s distribution center.
Delhaize CEO Pierre-Olivier Beckers said this will simplify the business and allow for great focus on Delhaize America.
See Thursday’s Post for more.