Grocery & Specialty Food

Southeastern Grocers (Winn-Dixie/Bi-Lo)

Lone Star Funds acquired the grocery chains via LBO, loaded debt, and failed to invest in stores. Filed Chapter 11 in 2018 with $1B+ in debt. Emerged diminished, eventually sold.

FOUNDED
1925
ACQUIRED
Lone Star Funds, 2005, $3.6 billion
IMPACTS
1 documented

Editorial Record

maintained by DeathbyPE. Every claim links to a public source.

Timeline

1925

Southeastern Grocers (Winn-Dixie/Bi-Lo) founded

2005

Acquired by Lone Star Funds for $3.6 billion

2018

Lone Star Funds bankrupted Winn-Dixie/Bi-Lo parent with $1B+ in LBO debt

CriticalClosure / Bankruptcy

Lone Star Funds loaded debt onto the Southeastern Grocers chain (Winn-Dixie, Bi-Lo, Harveys). Filed Chapter 11 in March 2018 with over $1 billion in debt. ~38,000 workers affected. Emerged diminished and eventually sold.

·

Winn-Dixie Parent Southeastern Grocers Files Bankruptcy

Jacksonville Business Journal

Before / After

Jobs affected

reported 2018

before 38,000+ employees

after Bankrupt, sold off

-100%

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Tracked Locations

CA · 1

4659 Main St

San Diego, CA 92101 · 555-236-9910

FL · 2

6086 Main St

Orlando, FL 32801 · 555-381-9039

2772 Main St

Orlando, FL 32801 · 555-972-8164