Valdosta Daily Times

Local News

May 31, 2013

Bi-Lo makes deal to buy Harveys

Store employees to keep jobs

VALDOSTA — Harveys Supermarkets will be included as part of a $265 million deal between Bi-Lo and the Delhaize Group, according to media reports this week.

Delhaize is the parent company of Food Lion which made a deal to sell Harveys, Sweetbay and Reid's stores to Bi-Lo.

Bi-Lo will take over 155 stores, as well as leases for 10 former Sweetbay locations. The sale will reportedly leave the Belgian Delhaize with Food Lion, Bottom Dollar Food and Hannaford stores in the U.S.

Bi-Lo will reportedly keep all store-level Harveys, Reid's and Sweetbay employees, company spokespersons have told the media.

While Food Lion and Delhaize are based in Salisbury, N.C., Harveys has maintained its Nashville, Ga., headquarters, which it had established for decades prior to its acquisition by Food Lion several years ago. In an interesting twist, once Food Lion acquired Harveys, all South Georgia Food Lions became Harveys Supermarkets.

Harveys representatives were not available Thursday night for comment.

“After the ownership transfer, we will review our corporate structure where specific or partial support of these banners exist in order to remain efficient or to reinvest resources in Food Lion, Bottom Dollar Food and Hannaford,” said Christy Phillips-Brown, a Delhaize America spokeswoman.

“We believe this transaction represents a significant move

towards simplifying our business and will allow for even greater focus at Delhaize America,” Delhaize Group CEO Pierre-Olivier Beckers said in a statement. “The transaction will further increase the financial flexibility required to execute our strategic priorities.”

In 2012, the 165 stores included in the transaction generated revenues of about $1.8 billion.

The sale comes on the heels of Beckers’ announcement that he plans to retire by year’s end. Delhaize America laid off about 350 corporate employees earlier this year as part of a continuing reorganization that started in December with the ouster of Cathy Green Burns as Food Lion president.

In January, Delhaize America closed 33 Sweetbay stores in Florida, as well as eight underperforming Food Lion stores in North Carolina, Virginia and South Carolina. Bottom Dollar Food, based in Salisbury, closed three stores in the Philadelphia area.

In 2012, Food Lion closed 113 underperforming stores and pulled out of Florida. Delhaize America also shut down the Bloom brand.

This year, Delhaize Group reported revenue growth of 2.1 percent for the first quarter, comparable store sales growth of 1.9 percent in the U.S. and 2.4 percent in Belgium and underlying operating margin of 3.9 percent. The group’s increase in operating profit was the first in six quarters, raising hopes that cost-cutting measures and an overhaul of Food Lion stores are paying off.

More than 2,000 people work at Food Lion headquarters. Food Lion has 1,117 stores with 505 locations in North Carolina.

Text Only
Local News
  • Brown Johnson Solis Cardiovascular Surgeons.jpeg Cardiac, Vascular, Thoracic & Endovascular Surgeons Join South Georgia Medical Center

    The three surgeons will operate a full-time medical practice and professional office named the SGMC CardioVascular Institute.  The medical office, which is located in Suite 230 of the Professional Building which is adjacent to SGMC, will be open 8am to 5pm Monday through Friday.

    July 30, 2014 1 Photo

  • 140729-Gas_Leak002.jpg Roadway closed after second gas line break

    For a second day in a row, workers from Valdosta’s Utilities Department struck a natural gas service line causing a leak that shut down a portion of Forrest Street, officials said.

    July 30, 2014 1 Photo

  • dump truck arrest photo.jpg Deputies nab stolen dump truck suspects

    The search for suspected dump truck thieves ended Tuesday afternoon with the arrest of two men in the same area officials searched extensively Monday.

    July 30, 2014 2 Photos

  • Bears sighted on Baytree

    A pair of bear sightings along Baytree Road this week could indicate a growing black bear population in Lowndes County.

    July 30, 2014

  • Johnson family files second suit against school

    Two months after filing a civil suit against Lowndes County Schools, Kendrick Johnson’s parents have filed a second suit against the school system which again claims that negligence and bullying led to their son’s death.

    July 30, 2014

  • Teachers Harvest

    With students and teachers returning to the classroom in the coming days, the need for school supplies is at the top of numerous priority lists. For teachers, this often means spending their money to ensure classrooms are fully stocked.

    July 30, 2014

  • Lake Park holds millage rate hearings

    Lake Park City Council held two public hearings Tuesday to discuss raising Lake Park's millage rate from 5.052 to 6.552, an increase of 1.5.

    July 30, 2014

  • 140729_celebritywaiter004.jpg Celebrity waiters raise $14,000 for CAC

    For local leaders, wearing aprons, counting tips and taking drink orders is quite the change from their day jobs. When it's for a good cause though, these “celebrities” didn't mind stepping out of their comfort zones to help.

    July 30, 2014 4 Photos

  • Jim Zachary Mug shot.jpg Zachary named The Valdosta Daily Times’ editor

    Veteran newspaper editor Jim Zachary has assumed the editor’s chair at The Valdosta Daily Times.
    During the past two decades Zachary has been one of the most decorated community newspaper journalists in Georgia and Tennessee.

    July 29, 2014 1 Photo

  • 140728-griner001.jpg Griner takes oath

     Surrounded by family, friends, and fellow commissioners, Clay Griner took the oath of office Monday morning as the Lowndes County Super District 5 commissioner.

    July 29, 2014 1 Photo

Top News

Do you agree with the millage rate increases?

Yes. We need to maintain services
No. Services should have been cut.
     View Results