October 19, 2015 Comments Off on Fresh & Easy May File for Bankruptcy…Again Views: 442 California News, Los Angeles

Fresh & Easy May File for Bankruptcy…Again

Fresh & Easy, which had plans to start a national expansion, but then ran into trouble, might be filing for Chapter 11 bankruptcy protection for the second time in as many years. The supermarket chain, which has 103 stores, closed just under 65 since the beginning of the year in California, Arizona and Nevada.

The grocer is owned by Los Angeles-based Yucaipa Cos., which bought it out of bankruptcy in 2013. Fresh & Easy was originally launched domestically by U.K.-based grocer Tesco earlier last decade. Yucaipa will reportedly not go forward with bankruptcy if it is able to sell the remaining 103 stores.

Read More at Supermarket News

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