Ahold to sell Tops convenience stores

Dutch retailer Ahold has announced a deal to sell the 198 convenience stores of its US subsidiary Tops Markets to WFI Acquisition, Inc. The stores will continue to operate under the banners of Wilson Farms and Sugarcreek. The divestment of the Tops convenience stores is part of Ahold s strategic plan to restructure its portfolio in order to focus on its core food businesses. The convenience stores employ approximately 2,400 associates. Tops Markets, which Ahold acquired in 1991, will continue to operate full service supermarkets in Northern New York, Northeastern Ohio and Northern Pennsylvania.