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Fresh & Easy Stores Might Become Wild Oats

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After nearly a year-long process, British retailer Tesco secured a way to exit the U.S. grocery market by agreeing to sell more than 150 of its roughly 200 U.S.-based Fresh & Easy stores to Yucaipa Cos., reports Supermarket News. As part of the transaction, Tesco will issue a $126 million loan. Industry sources report Yucaipa plans to rebrand the Fresh & Easy locations as Wild Oats Markets. Yucaipa owns the rights to the Wild Oats name--the company held an 18 percent stake ...

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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