Tesco moves closer to exiting Fresh & Easy business

Tesco CEO Philip Clarke is expected to travel to the US after Easter to either find a buyer or map another exit strategy for its California-based Fresh & Easy chain. Tesco has reportedly held talks with ALDI and Trader Joe's about a possible purchase; another option would be to close the stores and sell off the assets piecemeal.

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Telegraph (London) (tiered subscription model), The

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