 Since then the company has opened new Super BI-LO branded stores as well as remodeled older stores in affluent neighborhoods.In 2005, Ahold sold BI-LO/Bruno's to Lone Star Funds.In order to concentrate on renovating older stores, building new ones, and investing in newer information technology, the new owners sold off 104 BI-LO, FoodSmart, Bruno's, Food Fair, and Food World stores in areas where the chain did not have significant market penetration.