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Yucaipa Cos. to purchase Fresh & Easy Neighborhood Markets; 50 stores to close

 

Last updated 9/10/2013 at Noon



RIVERSIDE - The equity firm controlled by billionaire Ron Burkle announced today it is buying El Segundo-based Fresh & Easy Neighborhood Market - - which has a distribution hub in Riverside -- from U.K.-based Tesco, but terms of the deal were not released.

The deal, in which Yucaipa Cos. will assume the Fresh & Easy's debt, is expected to be completed in about three months.

''Fresh & Easy is a tremendous foundation,'' Burkle said. ''Tesco should be applauded for giving their customers an affordable, healthy, convenient shopping experience. Its dedicated employees and great base of custome...



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