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Tuesday, September 10, 2013

Fresh & Easy SOLD!

Tesco Plc (TSCO) agreed to sell most of its Fresh & Easy chain to billionaire Ron Burkle’s Yucaipa investment company, allowing the U.K. grocer to exit the U.S. after a failed six-year foray into the world’s biggest economy. 
Yucaipa will acquire more than 150 of Fresh & Easy’s near 200 stores as well as distribution and production facilities, Cheshunt, England-based Tesco said today. Those outlets not included in the transaction will be closed in the coming weeks.
According to SFGate, the Bayview store is CLOSING, but the remaining SF stores appear to be safe.


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