Bi-Lo Set to Exit Chapter 11

GREENVILLE, S.C. Bi-Lo's emergence from Chapter 11 protection expected at any time now that the retailer has received court approval of its reorganization plans should buy it time to build on the momentum of an ongoing turnaround and better position it for future consolidation, industry observers told SN. Bi-Lo, which admitted its bankruptcy was precipitated in part by a failure to consummate a sale,

GREENVILLE, S.C. — Bi-Lo's emergence from Chapter 11 protection — expected at any time now that the retailer has received court approval of its reorganization plans — should buy it time to build on the momentum of an ongoing turnaround and better position it for future consolidation, industry observers told SN.

Bi-Lo, which admitted its bankruptcy was precipitated in part by a failure to consummate a sale, steered away from a $425 million acquisition offer from rival Foo

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