Los Angeles Business Journal

Tesco Confirms U.S. Exit

Wednesday, April 17, 2013

Tesco PLC’s ambitious U.S. experiment, the 5-year-old grocery chain Fresh & Easy, has failed after costing its British parent billions of dollars, the company said Wednesday, confirming that it will attempt to sell Fresh & Easy and its 200 stores in California, Arizona and Nevada, the Los Angeles Times and Bloomberg BusinessWeek report.