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.

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 here, declined to discuss the status of separate talks between Sloan's Super

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