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JACKSONVILLE, Fla. — The owner of the Winn-Dixie and BI-LO supermarket chains has called off its plans for an initial public offering.
The owner of the Winn-Dixie and BI-LO supermarket chains has called off its plans for an initial public offering.
Southeastern Grocers LLC didn’t give a reason for the cancellation. The company is owned by Dallas-based Lone Star Funds Co., a private-equity firm that facilitated the 2011 merger of BI-LO and Winn-Dixie.
Southeastern operates 650 stores under the BI-LO and Winn-Dixie banners in Florida, Georgia, Alabama, North Carolina and Louisiana.
The company filed for an IPO last year, saying it intended to raise as much as $500 million from the share offering.
