Ron Burkle's Yucaipa Cos. won court approval on Friday to take over about 150 Fresh & Easy Neighborhood Market stores, salvaging most of Tesco Plc's U.S. grocery-chain venture, Dow Jones Daily Bankruptcy Review reported today. Bankruptcy Judge Kevin Carey signed off on the deal, which is being financed by the British retailer with a $120 million loan, part of an agreement struck before Tesco put Fresh & Easy under chapter 11 protection.
