Today, Tesco announced that Fresh & Easy has come to an agreement to sell to Yucaipa Companies. They have announced that some stores will be closing (no word on that yet) but here is the notice on their Facebook Page:
Today our parent company Tesco has announced it is selling the Fresh & Easy business to The Yucaipa Companies LLC. All along we have been hopeful that Fresh & Easy could be sold as an operating business, preserving jobs and the great shopping trip you’ve come to expect from Fresh & Easy.
We are very pleased that this agreement with Yucaipa preserves more than 4,000 jobs and a vast majority of the business. Unfortunately, as a result of this agreement some stores will be closing. Friends of Fresh & Easy should review our Frequently Asked Questions (FAQs) for Friends Rewards Members at http://www.freshandeasy.com/friendsfaqs.
For over five years, all of us here at Fresh & Easy have worked hard to bring you great products and a great shopping trip at a great value. We appreciate the love and support we have received from you, our most loyal shoppers. Rest assured, we plan on working through this transition to new ownership with the same spirit and dedication that we’ve brought to this business since the beginning.
Thank you again for your support and we look forward to seeing you in one of our stores soon.
How do you feel about this?