Bankrupt supermarket retailer Winn-Dixie announced last Friday that of the 326 stores that it plans to divest as part of its reorganization plan, 37 have been bid for by Supervalu, which has offered $9.5 million for the properties.
The Supervalu move was the largest single bid for a piece of the Winn-Dixie fleet.
Bi-Lo, recently spun off by Ahold, reportedly has bid $9 million for another 20 Winn-Dixie stores.
According to reports in the media, the bids have not been accepted by Winn-Dixie, and it remains a possibility that other companies could compete for the units desired by Supervalu and Bi-Lo.
Winn-Dixie said late last week that it has agreed to sell a total of 79 of its stores for $38.7 million to 20 buyers who plan to continue to operate them as grocery or liquor stores.
The bankruptcy court is scheduled to rule on the proposed sale later this month.
The Supervalu move was the largest single bid for a piece of the Winn-Dixie fleet.
Bi-Lo, recently spun off by Ahold, reportedly has bid $9 million for another 20 Winn-Dixie stores.
According to reports in the media, the bids have not been accepted by Winn-Dixie, and it remains a possibility that other companies could compete for the units desired by Supervalu and Bi-Lo.
Winn-Dixie said late last week that it has agreed to sell a total of 79 of its stores for $38.7 million to 20 buyers who plan to continue to operate them as grocery or liquor stores.
The bankruptcy court is scheduled to rule on the proposed sale later this month.
- KC's View:
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We had to chuckle over the weekend when we read stories in the sports pages about the Winn-Dixie 250 Busch Series race.
Hope the cars were moving faster and with greater accuracy than the supermarket chain.
