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  • Tesco prepares US exit with sale of Fresh & Easyadd to reading list  

    Posted on April 17, 2013 at 9:35 AM

    Updated Friday, Apr 19 at 3:02 PM

    Tesco PLC, Britain's largest retailer by sales, is to pull out of the U.S., selling off its lossmaking Fresh & Easy supermarket chain at a cost of 1.2 billion pounds after it failed to transfer its winning formula from the U.K. to the western states.

    By Danica Kirka, Associated Press Writer
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