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A Yucaipa Cos. spokesman could not be reached for comment Tuesday.
stakeholders, Tesco CEO Philip Clarke said in a statement. market, while protecting the jobs of more than 4,000 colleagues at Fresh Easy. Cos. was founded in 1986 by Ron Burkle, who serves as managing partner. Burkle has served as chairman and controlling shareholder of several companies, including Ralphs and Food4Less supermarket chains.
are announcing today represents the best outcome for Tesco shareholders and Fresh Easy Jimmy Choo White Trainers
plan on continuing to build Fresh Easy into a convenience retail experience, providing busy consumers with more local and healthy access for their daily needs. grocery market, including a crowded and cutthroat industry in which giant retailers such as Wal Mart undercut traditional grocers.
In a statement, Burkle said: dedicated employees and great base of customers give us a solid starting point to complete Tesco vision with some changes that we think will make it even more relevant to today consumer.
In the meantime, it will be as usual at most of El Segundo based Fresh Easy locations in California, Arizona and Nevada, the Yucaipa Cos. said in a statement.
The British owner of Fresh Easy is selling the money losing grocery chain to Los Angeles investment firm Yucaipa Cos. LLC, which will lead to the closure of dozens of stores.
The grocery chain will not disclose which stores will close until affected employees are notified, Wonnacott said. Cheap Jimmy Choo Wedge Trainers
Terms of the agreement were not disclosed.
The deal, announced Tuesday and expected to close within three months, will keep more than 150 of the chain 200 stores open. The remaining stores will close in coming weeks, according to Tesco PLC, which launched El Segundo based Fresh Easy in November 2007.
More than 4,000 Fresh Easy employees will be transferred to the new business, although the company currently employs more than 5,000 people. About 400 employees will lose their jobs, according to Fresh Easy spokesman Brendan Wonnacott.
About 160 people work at the grocer El Segundo headquarters.
hope that this one stays open and that they don make a lot of changes. I like it the way it is, said Knapp, 67, who works as an office manager in Torrance. love this store. It convenient and I love all the fresh vegetables and Jimmy Choo Shoes For Men Price all the little stuff they have prepared. transaction announced Tuesday also includes Fresh Easy Riverside distribution and production facilities, where prepared meals are made, processed and sent out in trucks to the entire chain.
However, Burkle, a prominent donor to Democratic candidates and close friend of former President Bill Clinton, has had a good relationship with labor groups. For example, Burkle received the AFL CIO Murray Green Meany Kirkland Community Service Award and the Los Angeles County Federation of Labor Man of the Year Award.
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The chain, which never was never profitable, offers fresh fruit and vegetables and a wide range of prepared meals in small stores that are typically the size of a Trader Joe Fresh Easy stores had almost exclusively self checkout terminals, reducing the need for employees.
Linda Knapp stopped by a Fresh Easy in Torrance on Tuesday to buy salad mix and a deli container of tomato mozzarella pasta.
It is unclear how Burkle political affiliations will affect Fresh Easy status as a nonunion company.
will close dozens of stores
In addition, Fresh Easy has been the focus of a labor led boycott. Fresh Easy is nonunion and its management refused to meet with labor leaders to discuss unionization efforts.
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