Skip to main content

Posts

Showing posts from May 11, 2013

Whole Foods to consider acquiring Fresh & Easy stores: co-CEO Robb

May 9, 2013, 3:42 PM






As Whole Foods WFM -0.14% accelerates its U.S. expansion, the organic grocery chain plans to take a “good hard look” at parts of the Fresh & Easy chain that British retailer Tesco is divesting in California, Whole Foods co-Chief Executive Walter Robb told MarketWatch.






Bloomberg News





“We will certainly be taking a look at it,” Robb said in a phone interview after the grocer’s upbeat May 7 earnings report.



He said there are no assurances Whole Foods would offer to acquire one or more of the sites.




There will be competition. Tesco said in mid-April it’s received “lots of interest” from potential buyers, with some keen on buying the entire business.









Fresh & Easy operates 199 stores in California, Arizona and Nevada.








Tesco began the building the no-frills Fresh & Easy chain in 2007, but the stores failed to gain enough traction with shoppers to justify the massive investment. Tesco plans to take a $1.8 billion charge to write off the Fresh & Easy business.






Whol…

NEED ANYMORE PROOF THAT "SOCIALISM" IS A DISASTER ???? ....

REGISTER NOW FOR IPO GLOBAL PINEAPPLE CONFERENCE ...

Register now for the IPO Global Pineapple Conference to be held at the San Jose Marriott Hotel, in San Jose, Costa Rica.







Friday, November 01, 2013













http://www.eventbrite.com/org/3931913067














http://www.eventbrite.com/org/3931913067