French supermarket chain Casino Guichard Perrachon has said that its US unit Smart & Final has raised US$59m from the sale of foodservice operations in separate deals in Florida and California.
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Stockton, California-based Smart & Final announced on 19 August that it had agreed to sell its foodservice operations in California to Sysco Corp. On 8 August, the company announced a separate deal to sell its Florida foodservice operations to Gordon Food Service, reported Dow Jones International News.
Smart & Final operates more than 170 cash-and-carry stores in Arizona, California, Florida, Nevada and Northern Mexico.
The company posted a US$69m net loss for the second quarter to 16 June, compared to a year-earlier profit.
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