Bi-Lo Plans Exclude Food Lion

Bi-Lo and its creditors have separately filed official plans to reorganize the retailer in U.S. Bankruptcy Court here, and while the plans include some differences, neither one considers a sale to Food Lion as part of the solution. A spokeswoman for Food Lion, Salisbury, N.C., last week acknowledged that its agreement to buy the majority of Bi-Lo's assets out of bankruptcy for $425

GREENVILLE, S.C. — Bi-Lo and its creditors have separately filed official plans to reorganize the retailer in U.S. Bankruptcy Court here, and while the plans include some differences, neither one considers a sale to Food Lion as part of the solution.

A spokeswoman for Food Lion, Salisbury, N.C., last week acknowledged that its agreement to buy the majority of Bi-Lo's assets out of bankruptcy for $425 million was no longer valid after Food Lion failed to come to agreement with B

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