On August 19, 2014, Southeastern Grocers withdrew their IPO filing with the SEC, aborting the process of listing the stock for public sale. initial public offering and list its common stock under the "SEG" symbol. The new parent company then filed to raise as much as $500 million in a U.S. In September 2013, Southeastern Grocers was created by Lone Star Funds as the new parent company for BI-LO, Harveys, and Winn-Dixie. 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 developed from these rumors. BI-LO remains under ownership of Lone Star Funds after restructuring. Bankruptcy Court, District of South Carolina. On May 12, 2010, the company emerged from bankruptcy protection, under a plan approved by the U.S. Lone Star Funds said that it was possible that BI-LO could emerge from bankruptcy in the first quarter of 2010. 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. Shortly after, in November 2009, the company filed plans with the U.S. 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. The company secured a $100 million loan from GE Capital in order to continue paying wages, salaries, benefits, suppliers, and vendors. On March 23, 2009, BI-LO 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. 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 April 16, 2007, Lone Star announced that it was putting the 230-store BI-LO chain up for sale. On March 21, 2007, Lone Star Funds announced the corporate spin-off of the 67 Bruno's Supermarkets and Food World stores from BI-LO LLC into a separate company to be based out of Birmingham. Fresco Retail Group, LLC plans for all stores and pharmacies in the Fresco y Más banner to continue operating as they are presently. The Fresco y Más banner, including all 28 stores and four pharmacies, will be sold to Fresco Retail Group LLC, an investment group focused on food and grocery. SEG has also agreed to divest its Fresco y Más operations, via a sale of the banner that the company expects to close in the first quarter of 2024. On August 16, 2023, the company announced its intention to sell all Winn-Dixie and Harveys stores to German supermarket chain Aldi, and all locations will either remain open under their respective brands or convert into the ALDI brand. In February 2017, Anthony Hucker was appointed as president and CEO of Southeastern Grocers. Southeastern Grocers was rated #31 in the Forbes 2015 ranking of America's Largest Private Companies. The portfolio was created by Lone Star Funds in September 2013 as the new parent company for Harveys, Winn-Dixie, and Fresco y Más. Southeastern Grocers (formerly Bi-Lo Holdings) is an American supermarket portfolio headquartered in Jacksonville, Florida. Harveys Supermarkets, Winn-Dixie, Fresco y Más
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