Winn-Dixie Plans to Sell Bahamas Operations

Chicago, Winn-Dixie Stores said it plans to sell its operations in the Bahamas to a local company in an effort to remove itself from Chapter 11 this summer. Winn-Dixie and 23 of its subsidiaries, which filed for bankruptcy on Feb. 21, 2005, said it would sell the 12 supermarkets it operates in the Bahamas under the City Markets and Winn-Dixie banners. The bankruptcy filing did not include the operations in the Bahamas. Winn-Dixie will sell its stake of about 78% in Bahamas Supermarkets Ltd. to local Bahamian company BK Foods Ltd. for about $50 million.