Pawleys Piggly Wiggly being sold to Bi-LO
The Pawleys Island Piggly Wiggly is one of the 22 stores the Charleston-based company is selling to Bi-Lo Holdings, the company announced.
The stores in Georgetown, Andrews and Murrells Inlet will not be impacted.
The announcement, made by Bi-Lo Holdings, LLC, states the 22 stores in South Carolina and coastal Georgia provides jobs to about 1,200 people.
“We look forward to welcoming these new associates to the Bi-Lo Holdings family and to building on the strength of these stores," said Randall Onstead, president and CEO of Bi-Lo Holdings. "We will continue to fine-tune our company and network of stores so that we can reinvest in what matters most for our customers … the freshest foods, the best deals and really connecting to their neighborhoods."
“The departure of employees and stores from the Piggly Wiggly team will be acutely felt, but we know that Bi-Lo Holdings will benefit from these outstanding folks," said David Schools, president and CEO of Piggly Wiggly Carolina Company. "We are glad that employees will have the opportunity to work for Bi-Lo Holdings, and guests will continue to be served by the familiar people who have been the backbone of these stores for years."
The transaction is expected to close in the fourth quarter of 2013 and is subject to the satisfaction of customary closing conditions. Upon completion of the transaction, the acquired stores will be rebranded under the Bi-Lo banner name.
— From Bi-Lo Holdings
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