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Billionaire Ron Burkle in the market for Tesco's Fresh & Easy chain Thursday, 13th June 2013
US billionaire Rob Burkle is thought to eyeing up the prospect of buying Tesco’s loss-making US business, Fresh & Easy, in order to re-launch the Wild Oats chain of natural food stores, according to reports. The approach is understood to have come from his investment fund, Yucaipa Cos, after Tesco decided to cut their losses with the £1 billion food chain.
Tesco launches Fresh & Easy review as UK sales fall Wednesday, 5th December 2012
Tesco Extra, Sandhurst. Tesco on Wednesday announced it has launched a strategic review of its Fresh & Easy chain in the United States that could lead to a sale or closure of the business. Tesco told investors it would report findings of the review at its full-year results in April, adding that all options were under consideration for the business.
Tesco remains tight lipped as Fresh & Easy hangs in the balance Monday, 2nd July 2012
Tesco has reportedly stated it is to pull the plug on the Fresh & Easy chain if it continues on its current downward trajectory. The grocer has also rejected calls for an independent review on its future plans for the US-based chain.
Tesco shareholders ‘demand about-turn’ Monday, 9th April 2012
Leading shareholders in the UK’s largest retailer have demanded an ‘about-turn’ in its expansion strategy, according to a report by the Telegraph. Investors said Tesco needs to re-think its Fresh & Easy US expansion programme, as well as its push into banking. The news comes as Tesco prepares to announce its annual results on 18 April.
Tesco’s expansion plans still on track despite India’s FDI ruling Friday, 13th January 2012
Tesco has once again voiced its commitment to expansion in India despite the recent setback concerning the proposed changes to the rules on multi-brand Foreign Direct Investment (FDI).
Tesco to shut 12 loss-making Fresh & Easy stores Wednesday, 11th January 2012
The supermarket giant announced on Tuesday that it will close 12 stores at its loss-making Fresh & Easy business in the US. Tesco said it remained committed to the chain, which it is looking to lift to break even by the end of the 2012-2013 financial year. "Fresh & Easy continues to grow, and we are opening 25 stores between now and the end of March, so for every store we're closing we are temporarily opening two," it said in a statement.