As part of an effort to reach that goal, Southeastern reached an agreement to sell 62 stores, including 46 BI-LO and 16 Harveys Supermarkets, to Ahold Delhaize subsidiary Food Lion. On June 9, 2020, Southeastern Grocers announced the decision to no longer operate stores under the BI-LO banner. This round of closures included 13 BI-LO locations, 7 Winn-Dixie locations and 2 Harveys Supermarkets. In February 2019, Southeastern announced plans to shutter 22 locations in Florida, Georgia, North Carolina, and South Carolina. Anthony, who had joined Southeastern Grocers in February 2016, had served as Interim President and CEO since July 1, 2017, following McLeod's departure. On August 10, 2017, Southeastern Grocers announced that it had appointed Anthony Hucker as President and CEO, effective immediately. In June 2017, Southeastern announced that President and CEO Ian McLeod was leaving the company to pursue another opportunity.

In May 2017, Southeastern Grocers announced the closing of 23 locations along with the elimination of some department lead roles at stores. In celebration of Fresco y Más' first anniversary in June 2017, another 7 Winn-Dixie locations were converted in Miami, Hialeah, and Hollywood, Florida, include the banner's first Broward County store, to bring the total number of Fresco y Más supermarkets to 18.

In March 2017, Southeastern converted another 5 South Florida Winn-Dixie locations throughout Miami and Hialeah, Florida to the Fresco y Más brand. In December 2016, an additional five South Florida Winn-Dixie locations in Miami-Dade and Palm Beach counties were converted to the Fresco y Más banner. In June 2016, Southeastern Grocers converted a Winn-Dixie location in Hialeah, Florida to Fresco y Más, which features an expanded Hispanic product assortment, a full-service Latin butcher shop, and Cocina. The cuts took place at Southeastern's Jacksonville, Florida headquarters and regional support centers. In October 2015, Southeastern Grocers laid off 250 workers at its support offices in a move said to improve efficiency and invest in service and value for customers. That effectively ended Southeastern Grocers' presence in the Tennessee market. Southeastern Grocers would likely use proceeds from the deal to reduce debt. In July 2015, Southeastern Grocers announced the sale of its 21 BI-LO locations in the Chattanooga, Tennessee market as well as eight BI-LO locations in Northern Georgia to K-VA-T Food Stores, which would rebrand the stores under its Food City banner. On AugSoutheastern Grocers withdrew their IPO filing with the SEC, aborting the process of listing the stock for public sale. initial public offering and list its common stock under the 'SEG' symbol. The new parent company then filed to raise as much as $500 million in a U.S. In September 2013, Southeastern Grocers was created by Lone Star Funds as the new parent company for BI-LO, Harveys, and Winn-Dixie. BI-LO was reportedly put up for sale in August 2010 Kroger and Publix were said to be interested in acquiring the chain, but nothing developed from these rumors. BI-LO remains under ownership of Lone Star Funds after restructuring.

Bankruptcy Court, District of South Carolina. On May 12, 2010, the company emerged from bankruptcy protection, under a plan approved by the U.S. Lone Star Funds said that it was possible that BI-LO could emerge from bankruptcy in the first quarter of 2010. Bankruptcy Court to restructure, with parent company Lone Star Funds providing a $350 million cash infusion, and Delhaize Group and Food Lion left out of the plans. Shortly after, in November 2009, the company filed plans with the U.S. In October 2009, Delhaize Group, headquartered in Belgium and owner of competing chain Food Lion, announced that it entered a preliminary, non-binding agreement to purchase $425 million worth of assets from the chain. The company secured a $100 million loan from GE Capital in order to continue paying wages, salaries, benefits, suppliers, and vendors. On March 23, 2009, BI-LO announced that it had filed chapter 11 bankruptcy and intended to use the court-supervised process to address 'an upcoming debt maturity.' The company said that expects its stores and regular operations to continue to operate as usual during the process. Soon after, C&S announced that it was closing the Chattanooga distribution center that served the BI-LOs in the Chattanooga area and portions of North Georgia.

On April 16, 2007, Lone Star announced that it was putting the 230-store BI-LO chain up for sale. On March 21, 2007, Lone Star Funds announced the corporate spin-off of the 67 Bruno's Supermarkets and Food World stores from BI-LO LLC into a separate company to be based out of Birmingham.

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