U.K.-based Tesco, the third largest retailer in the world as measured by revenues, recently launched a strategic review of its struggling U.S. Fresh & Easy Neighborhood Market chain. Many analysts believe the results, scheduled to be announced at the company’s annual meeting later this month, will lead to Tesco exiting the U.S. market.
There is speculation that buyers could include Trader Joe’s, Aldi, Wal-Mart or real estate companies.
Fresh & Easy stores are located mostly in California, with additional stores in Nevada and Arizona.