Los Angeles, Calif., December 13, 2006 – 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.”
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