Tesco mulling sale of Fresh & Easy

Supermarket titan Tesco has announced that it is considering a sale of its loss-making US division, Fresh & Easy, as it revealed that the frontman of the unit, Tim Mason, will leave the company after 30 years' service.

Supermarket titan Tesco has announced that it is considering a sale of its loss-making US division, Fresh & Easy, as it revealed that the frontman of the unit, Tim Mason, will leave the company after 30 years' service.

To accompany the group's third-quarter trading statement, in which it revealed a decline in like-for-like (LFL) sales in the domestic UK market, Tesco Chief Executive Officer Philip Clarke said that he would be conducting a strategic review of Fresh & Easy.

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