Twenty-three Bi-Lo stores have been sold to Alex Lee Inc. and B&T Foods as part of Southeastern Grocers’ plan to divest the brand, reports Progressive Grocer. The stores will remain open as Bi-Lo locations until the transaction is complete, which is expected to be in November. Alex Lee will operate 15 of the stores under the KJ’s Market IGA brand and five under the Lowes Foods brand.
"We are excited to add these new locations to our retail store portfolio,” said Brian George, president and CEO of Alex Lee, Inc. “We have an opportunity to accelerate our growth in these markets while continuing to provide shoppers with a unique grocery shopping experience in their local communities.” Full Story
Related: Food Lion to Acquire Bi-Lo/Harveys Supermarket Locations; Southeastern Grocers Closes Additional Stores.
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