Kroger to sell 12 Cala Foods & Bell Markets stores
03 May '06
1 min read
Departmental store operator The Kroger Co has reached a tentative agreement to sell 12 Cala Foods and Bell Markets stores in the San Francisco Bay Area. The stores are part of the Company's Ralphs Supermarkets Division, based in Los Angeles, CA.
The transaction, which is subject to certain customary conditions, is expected to close within 120 days. Financial terms were not disclosed. DeLano Retail Partners has agreed to purchase the 12 locations.
"The sale of these stores is a difficult, but necessary, step toward making Ralphs more competitive," said Dave Hirz, Ralphs President.
"We intend to work closely with DeLano Retail Partners to ensure a smooth transition for our customers and Associates at these locations," he added.
Headquartered in Cincinnati, Ohio, Kroger is one of the nation's largest retail grocery chains. It operates 2,507 supermarkets and multi-department stores in 31 states under two dozen local banners including Kroger, Ralphs, Fred Meyer, Food 4 Less, King Soopers, Smith's and Smith's Marketplace, Fry's and Fry's Marketplace, Dillons, QFC and City Market.
marketing@alchempro.com
