Southeastern Grocers
 |
|
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Formerly called
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Bi-Lo Holdings |
|---|---|
| Private | |
| Industry | Retail (Grocery) |
| Founded | 2011 |
| Headquarters | Jacksonville, Florida, United States |
|
Number of locations
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730 |
|
Area served
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Alabama, Florida, Georgia, Louisiana, Mississippi, North Carolina and South Carolina |
|
Key people
|
Anthony Hucker, President and CEO |
| Products | Bakery, dairy, deli, frozen foods, general grocery, meat, pharmacy, produce, seafood, snacks, liquor |
| Revenue | $11.5 billion USD (2014) |
| Owner | Lone Star Funds |
|
Number of employees
|
60,000 (as of July 2017) |
| Website | segrocers.com |
Southeastern Grocers (formerly Bi-Lo Holdings) is a supermarket portfolio headquartered in Jacksonville, Florida. The portfolio was created by Lone Star Funds in September 2013 as the new parent company for BI-LO, Harveys, Winn-Dixie, and Fresco y Más. Southeastern Grocers was rated #31 in Forbes 2015 ranking on America's Largest Private Companies.
On March 21, 2007, Lone Star Funds announced that they were spinning off the 67 Bruno's Supermarkets and Food World stores from BI-LO into a separate company to be based out of Birmingham. On April 16, 2007, Lone Star announced that they were putting the 230-store BI-LO chain up for sale. Soon after, C&S announced that it was closing the Chattanooga distribution center that served the BI-LOs in the Chattanooga area and portions of North Georgia.
On March 23, 2009, the company announced that it had filed chapter 11 bankruptcy and intended to use the court-supervised process to address "an upcoming debt maturity." The company said that expects its stores and regular operations to continue to operate as usual during the process. The company secured a $100 million loan from GE Capital in order to continue paying wages, salaries, benefits, suppliers, and vendors. In October 2009, Delhaize Group, headquartered in Belgium and owner of competing chain Food Lion, announced that it entered a preliminary, non-binding agreement to purchase $425 million worth of assets from the chain. Shortly after, in November 2009, the company filed plans with the U.S. Bankruptcy Court to restructure, with parent company Lone Star Funds providing a $350 million cash infusion, and Delhaize Group and Food Lion left out of the plans. Lone Star Funds said that it was possible that BI-LO could emerge from bankruptcy in the first quarter of 2010.
On May 12, 2010, the company emerged from bankruptcy protection, under a plan approved by the U.S. Bankruptcy Court, District of South Carolina. BI-LO, a Supermarket News Top 75 Retailer for 2010, remains under ownership of Lone Star Funds after restructuring. BI-LO was reportedly put up for sale in August 2010; Kroger and Publix were said to be interested in acquiring the chain, but nothing ever developed from these rumors.
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Wikipedia