Bi-Lo Holdings picks up 134 more stores in Southeast
Bi-Lo Holdings, parent company of Bi-Lo and Winn-Dixie, swallowed more Southeastern grocery stores this week. Locally, the move will result in one market in Walterboro closing this spring.
The Federal Trade Commission on Tuesday approved the company's acquisition of Harveys, Sweetbay and Reid's stores, three supermarket chains concentrated in Florida, Georgia and South Carolina. Bi-Lo Holdings, based in Jacksonville, Fla., announced in May that it planned to buy 154 of those stores for $265 million from Delhaize America, the U.S. branch of Delhaize Group, a Belgian grocery company.
The FTC gave the deal a green light on the condition that Bi-Lo Holdings divests 12 of the acquired stores in parts of Georgia, Florida and South Carolina.
Bi-Lo Holdings said Tuesday that it would sell 12 stores to companies such as Rowe's IGA and Food World. It also plans to close eight Delhaize stores, plus three Winn-Dixie locations and one Bi-Lo store.
The only Lowcountry store affected is the Reid's at 858 Bells Highway in Walterboro, which will be shuttered May 31. The other Reid's location in the area at 5982 W. Jim Bilton Blvd. in St. George will be owned by Bi-Lo Holdings, but will remain open with its original name.
Bi-Lo, which owns 685 supermarkets in the Southeast, will add 134 stores to its portfolio when the FTC gives the acquisition final approval in May. The chain snapped up 22 Piggly Wiggly stores from their Charleston-based owner for $35 million last year.
Rita's Seaside Grille at Folly Beach will unveil its new look Saturday when it reopens after several months of renovations. Hall Hospitality Group, owner of Halls Chophouse in downtown Charleston, bought the 2 Center St. restaurant last year and closed it in January to install a new kitchen and redo the rest rooms. Rita's will be open daily from 7 a.m. to midnight, and brunch will be served on weekends from 10 a.m. to 2 p.m.
Affordabike, a local bicycle shop at 534 King St. in downtown Charleston, is expanding into the former Altman's Furniture space at 575 King, at the northwest corner of Cannon Street. The building has been undergoing renovations since January. Affordabike owners Daniel Russell-Einhorn and Griff Ducworth plan to open in the larger location in early March. They're keeping the existing shop for storage and other uses, Russell-Einhorn said.
Terrace Oaks Antiques at 2037 Maybank Highway has launched a clock repair service. Clocksmith Bryan Smith now repairs and replaces parts of antique clocks at the James Island store.
Reach Abigail Darlington at 937-5906 and follow her on Twitter @A_Big_Gail