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Winn-Dixie, Bi-Lo parent pulls IPO

Bi-Lo Holdings, parent of the Winn-Dixie and Bi-Lo chains, told federal securities regulators this week that it was withdrawing plans for a public offering of its stock.

Jon Springer, Executive Editor

August 20, 2014

1 Min Read
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Bi-Lo Holdings, parent of the Winn-Dixie and Bi-Lo chains, told federal securities regulators this week that it was withdrawing plans for a public offering of its stock.

The company, which had submitted a registration statement under the name Southeastern Grocers for an IPO almost 11 months ago, had not updated that information since last November. The Securities and Exchange Commission had yet to declare its registration effective.

Its withdrawal statement to the SEC said only that the company “has determined not to pursue the contemplated public offering at this time.” A company spokesman was not immediately available for further explanation.

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The withdrawal means that Bi-Lo will remain under ownership of Lone Star Funds, the private equity investors that have held Bi-Lo for nearly a decade. That group acquired larger rival Winn-Dixie in 2011, as well as the Harveys, Reid’s and Sweetbay banners from Delhaize, prior to its IPO filing.

About the Author

Jon Springer

Executive Editor

Jon Springer is executive editor of Winsight Grocery Business with responsibility for leading its digital news team. Jon has more than 20 years of experience covering consumer business and retail in New York, including more than 14 years at the Retail/Financial desk at Supermarket News. His previous experience includes covering consumer markets for KPMG’s Insiders; the U.S. beverage industry for Beverage Spectrum; and he was a Senior Editor covering commercial real estate and retail for the International Council of Shopping Centers. Jon began his career as a sports reporter and features editor for the Cecil Whig, a daily newspaper in Elkton, Md. Jon is also the author of two books on baseball. He has a Bachelor of Arts degree in English-Journalism from the University of Delaware. He lives in Brooklyn, N.Y. with his family.

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