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Tesco is weighing options for the future of its U.S.-based Fresh & Easy Neighborhood Market, including selling to a rival, selling a stake in the business, or shuttering the company and liquidating its assets.
The grocer’s stores and distribution center may also generate interest from property developers, according to published reports, which state that Tesco has already begun to sell Fresh & Easy refrigeration units.
While reports say Tesco has held talks with Aldi and Trader Joes, industry experts say a breakup of the business is the most likely option.
Tesco said it would announce an update of the company’s status in April.