Southeastern Grocers becomes new moniker for Bi-Lo Holdings

JACKSONVILLE, Fla. - Bi-Lo Holdings on Monday made it official - the company henceforth will be known as Southeastern Grocers, according to a report in the Jacksonville Business Journal. Bi-Lo Holdings, which operates grocery stores under the banners Bi-Lo, Winn-Dixie and Harvey's Supermarket, had planned to adopt that name with its initial public offering in 2013. However, that IPO proposal was later withdrawn. 

 

According to DSN's Annual PoweRx Industry Ratings, the newly branded Southeastern Grocers had 2014 sales of $11.3 billion and pharmacy sales of $926.6 million. All told, Southeastern Groceries operates 790 stores and 527 pharmacies throughout the eight southeastern states of Alabama, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina and Tennessee. 

 

The new name comes with a new leader - international turnaround expert Ian McLeod assumed the reigns of the operation in March. McLeod, who also has experience in the United Kingdom and Germany, most recently served as managing director for Australia’s 2,200 Coles food, liquor and convenience stores, including more than 760 full-service supermarkets, growing sales from $23.2 billion to $35.2 billion, doubling profits over six years and outperforming the market for 20 consecutive quarters.