Food Trade News reported in its August issue that Bottom Dollar Food, a division of Delhaize America, “has reportedly felt enough competitive heat and is exploring the sale of its 66 stores located in Pennsylvania, Southern New Jersey and Northeast Ohio.” 46 of the 66 stores are in the Greater Philadelphia market.
Reportedly several retailers received profile sheets in July and bids for the Bottom Dollar stores were due on August 13. In addition, Food Trade News learned that Wells Fargo is serving as Delhaize America’s investment advisor.
Analysts believe that Delhaize is trying to sell all 66 stores rather than sell individual locations or groups of stores. Supervalu (Save-A-Lot) and Aldi are leading contenders.
Read more: Running with Equity Retail Blog Post