By  on September 10, 2013

LONDON — British supermarket Tesco said Tuesday that it has agreed to a sale of a “substantive part” of its Fresh & Easy retail business to YFE Holdings Inc., an affiliate of Ron Burkle’s Yucaipa Companies LLC.

The company, which in April revealed plans to exit the U.S. market after a severe contraction in its 2012-13 profits, said  that Yucaipa would acquire more than 150 stores, as well as Fresh & Easy’s Riverside distribution and production facilities.

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