NEW ENTITY SEEKS FUNDS TO BUY NINE RALPHS UNITS

LOS ANGELES -- A new company called Avalon Supermarket here is attempting to line up financing to acquire nine of 27 units for sale by Ralphs Grocery Co., SN has learned.Ralphs, based in Compton, Calif., must divest those 27 stores as part of the agreement it made with the California attorney general's office prior to obtaining state approval for its merger last June with Food 4 Less Supermarkets,

LOS ANGELES -- A new company called Avalon Supermarket here is attempting to line up financing to acquire nine of 27 units for sale by Ralphs Grocery Co., SN has learned.

Ralphs, based in Compton, Calif., must divest those 27 stores as part of the agreement it made with the California attorney general's office prior to obtaining state approval for its merger last June with Food 4 Less Supermarkets, La Habra, Calif.

Ralphs officials said the company has found buyers for 26 of t

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