JACKSON, Miss. -- Jitney-Jungle Stores of America Inc., which has been operating under federal bankruptcy protection for the past year, agreed late last month to sell 89 of its 137 supermarkets to Winn-Dixie Stores Inc. and Bruno's Supermarkets Inc.
In addition to divesting the bulk of its outlets, Jitney Jungle will sell 34 of its 42 gas stations and five of its nine liquor stores to Winn-Dixie and Bruno's. All of the deals are expected to be completed in January.
These transactions represent a significant step in the resolution of Jitney-Jungle's bankruptcy," notes chief executive officer Ronald Johnson.
"We have greatly improved operations while …
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