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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