Farewell, Wild Oats!
Natural supermarket giant Whole Foods announced Wednesday it would gobble up smaller rival chain Wild Oats. The marketplace for natural and organic food has grown increasingly competitive, a reality that has plagued Whole Foods in recent months.
Natural supermarket giant Whole Foods announced Wednesday it would gobble up smaller rival chain Wild Oats. The marketplace for natural and organic food has grown increasingly competitive, a reality that has plagued Whole Foods in recent months.
Your support is crucial…New York Times:
Stung by competition and investor expectations, Whole Foods Markets, the natural-foods grocer, was expected to announce another quarter of rather mundane earnings Wednesday, at least by the standards of a company that has experienced more than a decade of breakneck growth.
But the chairman and chief executive of Whole Foods, John P. Mackey, has always done things a bit differently, and Wednesday, he surprised investors by announcing a proposed merger with Wild Oats Markets, a similar though much smaller chain.
Whole Foods will pay $565 million or $18.50 a share for Wild Oats, an 18 percent premium over the average share price the last month. The company will also assume $106 million of debt.
With an uncertain future and a new administration casting doubt on press freedoms, the danger is clear: The truth is at risk.
Now is the time to give. Your tax-deductible support allows us to dig deeper, delivering fearless investigative reporting and analysis that exposes what’s really happening — without compromise.
Stand with our courageous journalists. Donate today to protect a free press, uphold democracy and unearth untold stories.
Editorial Cartoons
Health & Wellness
More and more people are choosing a diet that is focused on reducing one's environmental footprint.
As people become aware of the effects of eating animals on climate change and human health, a new book asks whether we will see an end to it.
Solutions that eliminate animal protein aren’t—yet—profitable to the medical and pharmaceutical industries. But they could be an incalculable boon to the insurance industry, an excerpt from "What the Health" explains.
Guidelines for a healthy diet emphasize fresh fruit and vegetables. Right now, there may not be enough in the gardens to nourish a cooler, healthier world.
Think global, buy local—but better still, choose vegetables and fruit to help slow climate change.
You need to be a supporter to comment.
There are currently no responses to this article.
Be the first to respond.