Fresh & Easy Neighborhood Market Inc., the U.S. grocery chain owned by Tesco Plc, canceled its proposed auction after receiving no offers to compete with a bid from an affiliate of billionaire Ron Burkle’s Yucaipa Cos.
Fresh & Easy Neighborhood Market Inc., the U.S. supermarket chain owned by Tesco Plc, won court approval of procedures for a Nov. 19 auction with the lead bid from an affiliate of billionaire Ron Burkle’s Yucaipa Cos.
The alarm blaring in the New York headquarters of Amalgamated Bank, where the Democratic National Committee and Occupy Wall Street are clients, didn’t bother the two pinstriped executives sitting still with legs crossed.
Tesco Plc agreed to sell most of its Fresh & Easy chain to billionaire Ron Burkle’s Yucaipa investment company, allowing the U.K. grocer to exit the U.S. after a failed six-year foray into the world’s biggest economy.
Morgans Hotel Group Co. shareholder Kerrisdale Capital Management LLC said it plans to nominate a new slate of directors for the company, less than three months after a board ouster and two days after the resignation of Chief Executive Officer Michael Gross was announced.