Harris Teeter To Buy Nine N.C. Winn-Dixie Stores
Posted July 6, 2005 12:05 p.m. EDT
RALEIGH, N.C. — Harris Teeter announced Tuesday that it will buy nine supermarkets in North Carolina from a subsidiary of Winn-Dixie Stores, Inc.
The supermarket chain agreed to purchase the leasehold interests in Winn-Dixie for $16.75 million. In addition, Harris Teeter is required to purchase other assets, including inventories, and to assume the leases.
Harris Teeter, which also plans to remodel the stores, did not say where the stores were located.
Winn-Dixie announced in June that it will stop operations in four Southern states, including North Carolina, close 326 of its 913 stores and cut 22,000 jobs under its proposed bankruptcy reorganization plan.