Editing Tesco (section)

==== United States ====
{{Main|Fresh & Easy}}
Tesco entered the United States grocery market in 2007 through the opening of a new chain of convenience stores, named [[Fresh & Easy]], on the West Coast (Arizona, California, and Nevada).<ref>{{cite web|url=http://www.tescocorporate.com/page.aspx?pointerid=14163CB2412F41B1BD7765AC8DBE49EB |title=Tesco to enter United States |access-date=13 March 2006 |url-status=dead |archive-url=https://web.archive.org/web/20060414194208/http://www.tescocorporate.com/page.aspx?pointerid=14163CB2412F41B1BD7765AC8DBE49EB |archive-date=14 April 2006 }}</ref> The company established its U.S. headquarters in [[El Segundo, California]],<ref>{{cite web|url=http://www.elsegundo.net/upscale-british-retailer-moving-into-south-bay-12-09-2006.html|title=Upscale British retailer moving into South Bay, retrieved July 20, 2007|url-status=dead|archive-url=https://web.archive.org/web/20070829040803/http://www.elsegundo.net/upscale-british-retailer-moving-into-south-bay-12-09-2006.html|archive-date=August 29, 2007|df=mdy-all}}</ref> and the first store opened in [[Hemet, California]] in November 2007, with 100 more planned in the first year; a store opening every two-and-a-half days.<ref>{{Cite web|url=http://www.offmarketnnn.com/blog/off-market-fresh-easy-los-angeles-ca-sold|archive-url=https://web.archive.org/web/20150106081310/http://www.offmarketnnn.com/blog/off-market-fresh-easy-los-angeles-ca-sold|url-status=dead|title=First Fresh & Easy Grocery Store Trades post bankruptcy|archive-date=January 6, 2015}}</ref>

The chain proved to be a financial failure for Tesco, and in September 2013, the company announced that they would sell the chain and 150 of its stores to private equity firm [[Yucaipa Companies]] in September 2013.<ref name="easy sale">{{cite news |url=https://www.bbc.co.uk/news/business-24040346 |title=Tesco offloads loss making Fresh & Easy chain |work=BBC News |publisher=BBC |date=10 September 2013 |access-date=10 September 2013 |archive-date=10 September 2013 |archive-url=https://web.archive.org/web/20130910191859/http://www.bbc.co.uk/news/business-24040346 |url-status=live }}</ref> The [[BBC]] reported that the remaining 50 stores were expected to close.<ref name="easy sale" /> The deal included Tesco loaning the venture £80m and retaining an option to buy back a stake in the business if Yucaipa succeeded in turning around the group's performance.<ref name="easy sale"/> Fresh & Easy filed for [[Chapter 11, Title 11, United States Code|Chapter 11 Bankruptcy]] at the beginning of October.<ref>{{Cite web|url=https://www.financierworldwide.com/fresh-easy-placed-into-bankruptcy-protection|title=Fresh & Easy placed into bankruptcy protection|website=Financier Worldwide}}</ref>

The chain failed to make a change under new ownership, and in October 2015 it was announced that all remaining stores would close.<ref>{{Cite web|title=Fresh & Easy Announces Closures, Liquidation of Remaining Stores, Including Those in Long Beach|url=https://lbpost.com/news/fresh-easy-announces-closures-liquidation-of-remaining-stores/|access-date=12 March 2021|website=lbpost.com|date=22 October 2015|archive-date=2 June 2021|archive-url=https://web.archive.org/web/20210602212338/https://lbpost.com/news/fresh-easy-announces-closures-liquidation-of-remaining-stores/|url-status=live}}</ref> The chain collapsed into bankruptcy the following week, the second in two years. Following this, the remainder of the chain was liquidated.<ref>{{cite web|url=https://www.wsj.com/articles/grocer-fresh-easy-files-for-bankruptcy-protection-1446210250|title=Grocer Fresh & Easy Files for Bankruptcy Protection|work=The Wall Street Journal|date=October 30, 2015|access-date=November 1, 2015}}</ref>