Winn-Dixie Stores Inc. emerged from bankruptcy Tuesday, nearly two years after it filed for Chapter 11. The company has almost halved its store portfolio but plans to invest in its remaining stores and develop new ones.
Analysts are questioning Winn-Dixie Stores' ability to fend off competition, like Publix and Wal-Mart Stores, and bring back former customers after the company filed for a reorganization plan to be completed before November. After reorganization, the Jacksonville, Fla.-based chain plans to be left with minimal long-term debt, but some executives think Winn-Dixie has much to do before a sales boost can occur.
General Mills inked a deal with Bravo Foods International to produce a line of low-fat milks flavored like its popular cereal brands, including Lucky Charms, Wheaties and Trix. The milk will be on shelves and in vending machines this summer.