RED APPLE TO SELL UNITS TO RITE-AID

NEW YORK -- Red Apple Cos. here has agreed to sell an unspecified number of stores to Rite-Aid Corp., Camp Hill, Pa., according to John Catsimatidis, Red Apple chairman.Red Apple, a privately held company, operates 63 Sloan's and Gristedes Markets in the metropolitan area. Rite-Aid is expected to convert the acquired locations to drug stores.Catsimatidis, who also is chairman of Sloan's Supermarkets

NEW YORK -- Red Apple Cos. here has agreed to sell an unspecified number of stores to Rite-Aid Corp., Camp Hill, Pa., according to John Catsimatidis, Red Apple chairman.

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