Haute 100 LA Update: Ron Burkle Buys Fresh & Easy Grocery Store Chain

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Ron Burkle‘s Yucaipa Companies has taken over yet another troubled grocery store chain: the financially troubled Fresh & Easy.

The California-based billionaire took on the El Segundo, Calif.-based chain from UK parent company Tesco, who gave up on the debt-ridden brand several months ago.

“Fresh & Easy is a tremendous foundation,” Burkle said, according to City News Service.

He added: “We plan on continuing to build Fresh & Easy into a ‘next-generation convenience retail experience,’ providing busy consumers with more local and healthy access for their daily needs.”

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