Ron Burkle buys Fresh & Easy as Tesco flees U.S.

An affiliate of the money-management firm run by billionaire Ronald W. Burkle swept Tesco out of the U.S. market when it bought its U.S. Grocery Chain this week.

Tesco, the British supermarket chain, completed its retreat from the United States on Tuesday after losing a boat load of cash trying to beat North American grocers and c-store operators  with its Fresh & Easy convenience stores.