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Southeastern Grocers sets groundwork for IPO

- Retail
This process will help enable the Company to make the decision to become publicly traded, subject to market and other conditions.

MAP: See which stores Food Lion is buying from Southeastern Grocers

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The stores will remain open as BI-LO and Harveys Supermarket until the transaction is complete, which is expected to take place over a staggered period from January to April 2021, pending regulatory approval and customary closing requirements.

MAP: See which Southeastern Grocers are closing

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Less than a year after closing nearly 100 underperforming stores amid bankruptcy restructuring, Jacksonville, FL-based Southeastern Grocers announced more store closures.