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.

To continue reading this article...

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus