Fresh and Easy closing is a huge loss to downtown Fresno
Note: Because most Fresh and Easy stores will continue business as usual until the end of the year, the chain is still the cheapest way to be high quality food. See end of post for details.
Last week we got the sad news that Tesco had sold the Fresh and Easy chain after months of searching for a buyer. The buyer is “Yucaipa” an investment company better known by its owner, Ron Burkle, a billionaire who has extensive experience in the supermarket industry. Their wikipedia page shows all the companies they’ve dabbled in.
The good news is that the new owners will operate 150 stores, and they may apparently lean towards the healthier side of things. I was worried Wal-Mart or some Dollar chain would come in to sell the cheapest (and worst quality) foods, which is contrary to the Fresh and Easy experience. Others were hoping for Trader Joes, but such a huge expansion would be unprecedented for them.