Village News - Also serving the communities of De Luz, Rainbow, Camp Pendleton, Pala and Pauma

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...

For access to this article please sign in or register.


Reader Comments


Our Family of Publications Includes:

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2017