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Deals

  • Ahold to Divest Bi-Lo and Bruno's Chains

    ZAANDAM, The Netherlands - Ahold is withdrawing from the South. Late yesterday the financially struggling chain said it intends to divest its Bi-Lo and Bruno's chains.

  • Safeway, Morrisons Shareholders OK Merger

    LONDON - Shareholders have overwhelmingly approved the 3 billion pound ($5.5 billion) takeover of Safeway PLC, Britain's fourth-largest grocery chain, by William Morrisons Supermarkets PLC, according to an Associated Press report.

  • Ahold Ends Disco Sale Talks with Casino

    AMSTERDAM - Dutch retailer Ahold confirmed on Friday that talks over the sale of its Disco chain in Argentina to French retailer Casino and businessman Francisco de Narvaez had ended, Reuters reports.

  • Safeway to Close 12 Dominick's Stores

    PLEASANTON, Calif. - Safeway, Inc. said it would close 12 of its underperforming Dominick's stores in the Chicago area in a move that will result in a 2004 first-quarter pre-tax charge of $50 million to $55 million, Reuters reports.

  • Harris Teeter to Enter D.C. Market

    WASHINGTON - Matthews, N.C.-based supermarket chain Harris Teeter has signed a lease to open its first store in the District, and plans to aggressively expand presence in the region, the Washington Business Journal reports.

  • Kmart Holding Corporation Expects Profit for November and December

    TROY, Mich. - Kmart Holding Corporation announced today that it expects a significant profit for the first two months of its fiscal fourth quarter, November and December 2003, citing strong inventory management and the reduction of unprofitable promotions.

  • Carrefour Sells Chilean Hypermarkets

    PARIS - Carrefour has sold its seven Chilean hypermarkets to Chilean retail group Distribution y Servicios (D&S) for euro 100 million ($126.6 million) because of competition and a lack of options for expansion, according to published reports.

  • Farmer Jack Closing Lansing Stores

    DETROIT - A&P's Farmer Jack division this week informed employees in its Lansing, Michigan stores that both stores will close by mid-February.
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