Fresh & Easy, the grocery chain that has struggled for years in Southern California, said Wednesday that it was closing its business — but holding out hope for a buyer.
Brendan Wonnacott, spokesman for the El Segundo chain, said Fresh & Easy was starting “the process for an organized wind-down.”
Fresh & Easy doesn't have enough cash and couldn't obtain financing to continue operating the business, Wonnacott said. That's despite progress made over the last two years that has moved the company “closer to break even.”
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