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Anne Bieler
Sr. AssociatePackaging and Technology Integrated Solutions
Reuters: BI-LO Goes on the Block
August 11, 2010
FROM RETAILWIRE:
The BI-LO supermarket chain, owned by Lone Star Funds, is up for sale and drawing interest from private equity firms and other grocers, according to a Reuters report. What do you think is likely to happen to BI-LO, assuming Reuters is correct in reporting the chain is for sale?
[more...]
It would be extremely difficult for BI-LO to rise again. As the southeast grew rapidly with companies relocating to the area, new housing and population growth, Kroger and Publix moved in, too. The space is very crowded with these big regional players as well as the the existing grocery chains--Food Lion, Ingles, Walmart and others. A few locations may become Food Lion or similar, but there is a lot of retailer choice in many areas.
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