LAS VEGAS (KSNV MyNews3.com) --
Yucaipa Companies LLC today announced 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.
“Fresh & Easy is a tremendous foundation. Tesco should be applauded for giving their customers an affordable, healthy, convenient shopping experience,” said Ron Burkle, managing partner of Yucaipa. “Its dedicated employees and great base of customers give us a solid starting point to complete Tesco's vision with some changes that we think will make it even more relevant to today's consumer.
“We plan on continuing to build Fresh & Easy into a ‘next-generation convenience retail experience,’ providing busy consumers with more local and healthy access for their daily needs."