Talking shop: What’s next for a Burkle-led Fresh & Easy?
Ron Burkle, the US billionaire investor who is to take on the bulk of Tesco's US Fresh & Easy arm, has said he believes the loss-making business gives his Yucaipa fund a base upon which...
Tesco marks US exit with Yucaipa deal
Comment: Tesco’s US misadventure has apt final chapter
After six years of losses, there will be a sense of relief that Tesco has secured a deal to exit the US. However, the agreement with Yucaipa provides a suitable closing chapter for the failed foray.
UPDATE: US: Tesco confirms deal with Yucaipa for Fresh & Easy
Tesco has confirmed it has agreed to sell a "substantive part" of its US Fresh & Easy business to investment fund Yucaipa.
On the money: Tesco mulling offers for Fresh & Easy unit
UK retail giant Tesco said it has received its first set of offers from prospective buyers for its US Fresh & Easy chain after confirming it will now exit the market.
Comment: UK travails central to Tesco’s US U-turn
When pondering why Tesco has decided to consider quitting the US, one must look at the UK retailer's challenges at home, writes Dean Best.
UPDATE: UK/US: Tesco: We did all we could on Fresh & Easy
Tesco CEO Philip Clarke today (5 December) insisted the UK retailer had given its US chain Fresh & Easy "our best shot" as he outlined plans to possibly sell the…
Timeline: Tesco’s attempt to crack the US
Almost seven years since Tesco first announced its plan to enter the US, the UK retailer has today (5 December) said it is "likely" to quit the market. Tesco said…
UK/US: Tesco US review “likely” to lead to exit – CEO Clarke
Tesco is "likely" to quit the US, CEO Philip Clarke admitted today (5 December), after the UK's largest retailer confirmed it is reviewing its options for its Fresh & Easy…
