When brands lose their earning power, corporations find themselves with few other options than to sell these businesses or spin them off. For this reason, some of the most iconic companies in the world have been cast off by their parent firms.
Tesco's Fresh & Easy For Some
Heavy criticism from certain sectors
Tesco's Fresh & Easy is coming under attack from The Los Angeles Alliance for a New Economy as it is suspicious of F&E's practices.
"When Tesco first came to America, we were pleasantly surprised. They were saying they wanted to do things differently," says Elliott Petty, the alliance's senior retail analyst from his office in downtown LA. "But, today, almost a year later, we've found they're a lot like others in the industry, opening stores in the exact same locations, neglecting others."
Petty is also dismissive of the company's pay incentives and opportunities for career progression - likening F&E to Wal-Mart. More on this story
