September 17, 2013 > The Yucaipa Companies to acquire Fresh & Easy
The Yucaipa Companies to acquire Fresh & Easy
Submitted By Fresh & Easy
The Yucaipa Companies LLC, a U.S. based private investment firm announced September 10, 2013 that is it purchasing Fresh & Easy Neighborhood Market from United Kingdom based Tesco PLC.
Yucaipa's purchase is expected to be complete within three months. In the meantime, it is business as usual for most Fresh & Easy stores.
Philip Clarke, CEO of Tesco, said, "The decision we are announcing today represents the best outcome for Tesco shareholders and Fresh & Easy's stakeholders. It offers us an orderly and efficient exit from the US market, while protecting the jobs of more than 4,000 colleagues at Fresh & Easy."