Delhaize Group to Sell 66 Bottom Dollar Food Store Locations

SALISBURY, N.C., Nov. 5, 2014 /PRNewswire/ -- Delhaize Group, the parent company of Bottom Dollar Food, announced today that it has entered into a transaction to sell Bottom Dollar Food's 66 store locations and associated lease liabilities to ALDI Inc. As a result of the transaction, Delhaize Group will no longer operate in the discount segment of food retail in the United States. Today's announcement is consistent with Delhaize Group's previously stated strategy of focusing on its core operations in the traditional supermarket segment. The transaction is expected to close during the first quarter of 2015.

At this time, Bottom Dollar Food anticipates all stores will remain open until year-end. After that time, Bottom Dollar Food will close the stores and retire the banner's operations. Upon the closing of stores, Bottom Dollar Food will offer every associate severance, and eligible associates will be offered career transition services.

"This decision was difficult given the impact on our associates, customers and communities in which we operate," said Gene Faller, vice president of retail operations for Bottom Dollar Food. "We want to thank our associates, customers and communities for their support over the past four years."

Bottom Dollar Food opened its first store in King of Prussia, Pa., on Oct. 8, 2010, and currently has 46 stores in greater Philadelphia, Pa., and 20 stores in greater Pittsburgh, Pa. The banner currently employs about 2,200 associates. 

For more information, visit www.bottomdollarfood.com/newsroom.

SOURCE Bottom Dollar Food

Related Links

http://www.bottomdollarfood.com

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