Delhaize officials had no comment on a published report suggesting the retailer was seeking to sell its Bottom Dollar Food discount division.
Food World based its report on unidentified retailers who’d been sent “deal sheets” late last month.
“Consistent with established policy, our company does not comment on rumors or speculation regarding plans to acquire or divest businesses,” a Delhaize spokeswoman told SN Tuesday.
Delhaize operates 66 “soft-discount” Bottom Dollar stores in the greater Philadelphia and Pittsburgh markets. Although the company briskly expanded the concept between 2010 and 2013, new Delhaize CEO Frans Muller has shifted investment to core U.S. brands Food Lion and Hannaford, and has said Bottom Dollar needed to prove it could be profitable before deciding on next steps.
|More from Supermarketnews