Belgium's Delhaize plans to make sale of its businesses in the U.S. as it looks forward to minimize costs in the region, two sources close to the plan disclosed.
The Belgian grocer's parent, Food Lion has reportedly tapped Lizard Ltd. to advise on the sale of its Harveys and Sweetbay supermarket businesses, the sources claimed.
The company's chief executive officer, Pierre-Olivier Beckers, said that they were seeking for options for the businesses but was not available to directly comment on whether the company has already chosen advisors to supervise the American units.
When asked about the selection of the advisors for the sale of the units, Beckers told Reuters on the sidelines of its annual shareholding event that they are still on the process to choose.
Delhaize is just one of the traditional grocery chains facing threat from mass retailers like Wal-Mart Stores Inc. and discounters like Costco Wholesale Corp. as consumers' budget begins to tight.
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