Ahold to Sell 2 U.S. Retail Chains
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Ahold has agreed to sell its Bruno's  and BI-LO shop units in the United States to Lone Star Funds  for $660 million, the Dutch retailer said on Thursday.
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Royal Ahold NV, the food retailer that owns the US Giant chain, agreed to sell its Spanish business to Permira funds for 685 million euros ($851 million).
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U.S. chain store sales rose in the  second week of September, supported by strong results at  discount stores, a report said on Tuesday.
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Two of the biggest names in the retail world are becoming one. In an announcement Wednesday, Kmart and Sears, Roebuck &amp; Co. have agreed to merge in a deal totalling $11 billion.
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Ahold today announced it has entered into an agreement to sell its US retail subsidiaries BI-LO and Brunoâs to an affiliate of the Lone Star Funds for total cash proceeds of up to $660 million.
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Ahold is to complete its exit from the Brazilian market early in 2005 after agreeing the sale of its G Barbosa supermarket business to an affiliate of US firm ACON Investments.
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The retailer will sell CallVantage in many of its outlets and through its Web site.
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Ahold has agreed to sell its Bruno's and BI-LO shop units in the United States to Lone Star Funds for $660 million, the Dutch retailer said yesterday.
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Two of the nation's most well-known companies today said they would combine to form the third-largest U.S. retailer.
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Discount retailer Kmart Holding Corp. (KMRT.O: Quote, Profile, Research) will buy department store operator Sears, Roebuck &amp; Co.
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Home Depot, the world&#39;s largest home-improvement retailer, said Tuesday it would sell its wholesale supply division to a private equity consortium for 8.5 billion dollars, a steep discount from the initial price.
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The home improvement giant said it's considering selling its wholesale supply business.
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US department store operator Sears, Roebuck &amp; Co. (SN: Quote, Profile, Research) and discount retailer Kmart Holding Corp. (KMRT.
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Description: Two of the nation&#39;s oldest and best-known retailers -- Sears, Roebuck and Co. and Kmart -- agree to merge in a deal worth an estimated $11 billion.
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The Walt Disney Co. will sell its chain of 313 mall-based retail stores to The Children's Place while continuing to sells dolls, toys and other Disney-branded products through its own catalog and Web site, it was announced Wednesday.
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U.S. chain store retail sales rose in the latest week, a report said on Tuesday.
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AMSTERDAM, Netherlands -- A Dutch food retailer is selling two of its US grocery store chains, including South Carolina-based Bi-Lo.