September 19, 2014 1:29 PM ET

Food and Staples Retailing

Company Overview of Old FENM Inc.

Company Overview

Old FENM Inc. operates food stores in California, Arizona, and Nevada. The company offers American, Asian, Italian, and Mexican food products; wines; and organic, gluten, sugar, vegetarian, and Kosher products; freshly prepared meals; fresh baked goods, meats, and produce; and brand products and household items. The company was formerly known as Fresh & Easy Neighborhood Market Inc. The company was incorporated in 2006 and is based in El Segundo, California. Old FENM Inc. is a former subsidiary of Tesco PLC.

2120 Park Place

Suite 200

El Segundo, CA 90245

United States

Founded in 2006

Phone:

310-341-1406

Fax:

301-341-1501

Key Executives for Old FENM Inc.

Chief Executive Officer
Head Chef
Chief Customer Officer
Director of Communications
Compensation as of Fiscal Year 2014.

Old FENM Inc. Key Developments

Wild Oats and Fresh & Easy Partner in Revolutionizing Fresh and Organic Food

Wild Oats and Fresh & Easy have partnered to introduce several innovative new Wild Oats organic and fresh food products at Fresh & Easy stores across Arizona, California and Nevada. From fresh, handmade USDA-certified organic fresh salads and sandwiches to organic milk and cage-free eggs, new fresh Wild Oats products at affordable prices are hitting the shelves at Fresh & Easy weekly. Wild Oats and Fresh & Easy are revolutionizing the way consumers access high-quality organic, fresh and affordable food. Wild Oats, a trusted provider of organic groceries, is featuring the following lines at Fresh & Easy, all of which are affordably priced to make the products accessible to all: Wild Oats Marketplace Organic(TM) adheres to USDA guidelines for organic certification and includes everything from Organic Milk kept cold and delivered daily from the dairy to a variety of innovative and delicious fresh salads and handmade sandwiches like Organic Beef Fajita, Organic Turkey and Cheddar and Organic Veggie Salad, made fresh and delivered daily: Wild Oats Organic Milk -- $3.89/half gallon. Wild Oats Organic Almond Milk -- $3.99/half gallon. Wild Oats Organic Salads -- $6.49 to $7.49/7 to 14 oz. Wild Oats Organic Sandwiches -- $5.99/5 to 7 oz. Wild Oats Organic Sliced Breads -- $3.99/24 oz. loaf. Wild Oats Organic Hummus -- $3.99/8 oz. Wild Oats Marketplace(TM), which includes products with simple and real ingredients, including California cage free eggs delivered within 72 hours of being laid -- so fresh they even have a "laid on" date stamped right on the shell, and a handmade Tuna Salad sandwich. Wild Oats Large Cage Free Eggs -- $3.99/dozen. Wild Oats Tuna Salad Sandwich -- $5.99/5 oz. Wild Oats Fresh Mozzarella -- $3.99/8 oz. Wild Oats Marketplace Originals(TM), offering new and uniquely formulated items including a line of newly-launched Parfaits. Wild Oats Original Parfaits -- $3.49 to $4.49/7 to 8.5 oz.

Fresh & Easy Introduces Wild Oats Products

Fresh & Easy Neighborhood Market announced the offering products under the Wild Oats brand at all 167 stores in California, Arizona and Nevada — a move that had been anticipated by industry observers since Yucaipa Cos. acquired the chain from Tesco late last year. Fresh & Easy’s initial Wild Oats offering includes a handful of dairy items — cage-free eggs, either white or brown, that move from hen to store within 72 hours and containe a “laid on” date on the shell, priced at $3.99 a dozen; four types of organic milk (regular, fat-free, 1% low-fat and 2% low-fat) priced at $3.89 per half-gallon; and three types of mozzarella cheese (traditional, ciliegine and ovoline), priced at $3.99 for 8 ounces.

Fresh & Easy to Close Some Stores

Fresh & Easy announced that it had been sold and that some stores will close. The sale could leave up to 50 stores in the three states where Fresh & Easy operates -- California, Arizona and Nevada -- ownerless, forcing them to close. At least two of those closures will be in the Bay Area. The closures are likely to happen within three months, which is the expected time frame to complete the sale to Yucaipa.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
February 19, 2014
Fresh & Easy Neighborhood Market Inc., Two Distribution Centers
Merger/Acquisition
November 13, 2013
Fresh & Easy Neighborhood Market Inc., 53 Parcels Of Property
Bankruptcy
September 30, 2013
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