Fresh & Easy Sold, Some Stores Will Close - KMPH FOX 26 | Central San Joaquin Valley News Source

Fresh & Easy Sold, Some Stores Will Close

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FRESNO, Calif. (KMPH) -

Update: Two Valley stores will reportedly close in the next two weeks: Shaw and Willow in Clovis and Tulare and R in Fresno.




The grocery chain, Fresh & Easy Neighborhood Market, is being purchased by Yucaipa Companies LLC and some local stores will reportedly close.

Fresh & Easy has five locations in the Fresno/Clovis area as well as one in Reedley, Lemoore and Delano but the company is not specifying how many or which locations will close.

The stores are currently owned by United Kingdom based Tesco PLC, who announced several months ago that they would be pulling out of the U.S. markets.

The purchase is expected to be completed within three months.

Employees who lose their jobs from store closures will reportedly receive a severance package of four weeks salary.

Stores that are closing will begin selling everything off at 25% as early as Wednesday.

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