Fresh Easy Company Profile

Aggregated data from the web about Fresh Easy

Company Name	Fresh Easy
Website	www.freshandeasyworld.com
Snippet	Fresh & Easy Neighborhood Market was a chain of grocery stores in the western United States, headquartered in El Segundo, California.[1] It was a subsidiary of Tesco, the world's third largest retailer, based in the United Kingdom,[2] until November 2013 when it was purchased by Yucaipa Companies.[3] It had plans for rapid growth – the first stores opened in November 2007 and, after a pause in the second quarter of 2008, the opening program recommenced. While there were over 200 stores in Arizona, California, and Nevada by December 2012, Tesco confirmed in April 2013 that it was pulling out of the US market, at a reported cost of £1.2 billion.[4] On September 10, 2013, Tesco announced they were transferring ownership and operations of more than 150 stores to supermarket-owner Ron Burkle's Yucaipa Companies group.[5] At the beginning of October 2013, Fresh & Easy filed for Chapter 11 bankruptcy in U.S. bankruptcy court.[6] The sale cost Tesco £150m, taking the total cost of its failed US venture to nearly £2bn. On October 23, 2015, Yucaipa announced that it would close all Fresh & Easy stores.[7]
Fate	Liquidation sale, bankruptcy
Parent	Tesco (2007–2013)
Defunct	October 23, 2015 (2015-10-23)
Founded	2007
Website	www.freshandeasyworld.com
Industry	Retailing
Products	GroceriesGeneral Merchandise
Key people	Jim Keys CEO
Area served	Arizona, California, Nevada
Former type	Subsidiary
Headquarters	El Segundo, California

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