date:Sep 11, 2013
We plan on continuing to build Fresh Easy into a 'next-gneration convenience retail experience,' providing busy consumers with more local and healthy access for their daily needs.
In announcing Tesco's exit, Philip Clarke, Tesco CEO, said, The decision [to sell to Yucaipa] represents the best outcome for Tesco shareholders and Fresh Easy's stakeholders. It offers us an orderly and efficient exit from the U.S. market, while protecting the jobs of more than 4,000 colleagues at Fresh Easy.