LOS ANGELES, Dec. 13 /PRNewswire/ -- Ralphs Grocery Co. today said it
has reached a tentative agreement to sell eight Cala Foods and Bell Markets
stores in the San Francisco Bay Area.
DeLano Retail Partners has agreed to purchase the eight locations.
Financial terms were not disclosed.
"The sale of these stores is a difficult, but necessary, step toward
making Ralphs more competitive," said Dave Hirz, Ralphs president. "We
intend to work closely with DeLano Retail Partners to ensure a smooth
transition for our customers and Associates at these locations beginning in
January."
The stores being sold to DeLano Retail Partners are located at the
following addresses:
207 Flamingo Road, Mill Valley 2040 Sir Francis Drake, Fairfax
2045 Novato Blvd., Novato Tiburon Hwy & Blackfield, Tiburon
1599 Tiburon Blvd., Tiburon 6333 Geary Blvd., San Francisco
4201 18th St., San Francisco 1245 So. Van Ness, San Francisco
Ralphs was founded in 1873 and currently operates more than 260
supermarkets in California, from its headquarters in Los Angeles. The
company is a division of The Kroger Co., (NYSE: KR), one of the nation's
largest food retailers, based in Cincinnati, Ohio. For more information
about Ralphs, please visit http://www.ralphs.com.
SOURCE Ralphs
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Related links:
http://www.ralphs.com
CONTACT:
Terry O'Neil of Ralphs, +1-310-884-4680
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