date:Jun 14, 2013
chain did not earn a net profit since its 2007 inception.
Burkle, who founded Yucaipa Cos. in Yucaipa, Calif., in 1986, often invests in what he considers to be troubled companies. He is also interested in buying part of grocery chain Supervalu Inc., according to the news outlet.
Officials from Yucaipa and Tesco both declined to comment when contacted by Bloomberg.