Haute 100 LA Update: Ron Burkle Buys Fresh & Easy Grocery Store Chain
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-rid…
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.”
Like Haute Living Los Angeles? Join our Facebook page or follow us on Twitter @HauteLivingMag. Want Haute Living Los Angeles delivered to your inbox once a week? Sign up for our newsletter.
Latest from Haute Living
Eddie Huang Has Nothing Left to Hide
Romero Britto: Historic Art Sales & Collector Milestones
Meet The Chic Design Visionary Behind One Of The Fastest-growing Restaurant Groups
