Fresh & Easy Cancels Ch. 11 Auction, Goes With Yucaipa Bid

Law360, Wilmington (November 18, 2013, 7:53 PM EST) -- High-end grocery chain Fresh & Easy Neighborhood Market Inc. canceled the bankruptcy auction for 150 of its stores set for Tuesday, deeming the stalking horse bid from a unit of private equity firm Yucaipa Cos. LLC to be the only qualified one.

In court papers filed Friday in Delaware bankruptcy court, Fresh & Easy said it didn’t receive any other bids except the one from Yucaipa affiliate YFE Holdings Inc. that aimed to acquire the stores, plus the chain's production and distribution center in California, while...
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