View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
September 10, 2013

US/UK: Tesco “nears deal with Yucaipa for Fresh & Easy”

Tesco is reportedly set to agree a deal to sell the bulk of its Fresh & Easy operations in the US to Yucaipa, the investment vehicle of billionaire Ron Burkle.

By Dean Best

Tesco is reportedly set to agree a deal to sell the bulk of its Fresh & Easy operations in the US to Yucaipa, the investment vehicle of billionaire Ron Burkle.

A report in The Financial Times said today (10 September) Yucaipa will acquire most of Fresh & Easy’s stores, plus the retailer’s manufacturing and distribution centre. An announcement is expected “imminently”, the FT said.

In June, Bloomberg had reported the two sides were in talks. It said Burkle, founder and managing partner of Yucaipa, wanted to rebrand the Fresh & Easy outlets under the Wild Oats banner,

The FT last month claimed the discussions had stalled.

Officials at Tesco and Fresh & Easy had not returned a request for comment at the time of writing.

Related Companies

Topics in this article: , ,
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every other month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU