Whether the 24 Fresh & Easy stores in Arizona, all in the Phoenix metro area, will stay open isn't yet known, The Arizona Republic reports.

The Yucaipa Cos., a Los Angeles-based private-equity firm, has bought Fresh & Easy Neighborhood Market from Tesco PLC as the British company exits the U.S. market after years of financial losses here.

Most of the 150-plus Fresh & Easy markets in the U.S. will remain open, but some will close, Fresh & Easy announced.