The FTC is filing a complaint to block Whole Foods' merger with Wild Oats. What a stupid thing - does anybody actually believe that WFM and Wild Oats will combine to block competition in the grocery market? Last I checked, I believe we have a combined market share of less than 5%.
The FTC is considering only the natural foods market, rather than the entire grocery market. This might have been valid several years ago, but even Wal-Mart sells organic now! And all the big grocery chains have organic lines that are doing phenomenally well.
Grrr, this makes me angry.
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2 comments:
My friends in Little Rock are very pissed about it too because they would much rather have Whole Foods than the Wild Oats they have now.
There's still hope - we're fighting it. I hope it goes through too - if it does, we will be pumping lots of capital into those older stores.
I have family in Arkansas too, so I would be very happy to have one there when I visit!
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