Southeastern Grocers, parent company of the Winn-Dixie and Harvey supermarket chains, is exploring a sale, according to The Wall Street Journal.
Background:
The Jacksonville, Fla.-based retailer canceled IPO plans last year. In early 2018, when owned by Lone Star Funds, it filed for Chapter 11 bankruptcy protection.Southeastern Grocers could become a consolation prize for either Kroger or Albertsons, were their merger to be blocked by antitrust regulators. But, as Axios Pro's Richard Collings
, it also may be removing itself as a bidder for the hundreds of stores that Kroger would need to divest were its Albertsons deal to go through.
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