BUSINESS
December 9, 2008 | Associated Press
PORTLAND, Ore. - Natural grocer Whole Foods filed a federal lawsuit yesterday against the Federal Trade Commission, claiming the regulator violated its due process rights in a dispute over its acquisition of rival Wild Oats. Whole Foods Market Inc. bought Wild Oats Markets Inc. of Boulder, Colo., in 2007 for $565 million. But since then, the deal has been embroiled in an antitrust challenge that has Whole Foods' biggest acquisition in legal limbo. The FTC thought the deal could create a natural food monopoly, but federal judges determined the acquisition...
BUSINESS
July 12, 2007 | Associated Press
DALLAS -- The chief executive of Whole Foods Market Inc. wrote anonymous online attacks against a smaller rival and questioned why anyone would buy its stock, before Whole Foods announced an offer to buy the other company this year. The postings on Internet financial forums, made under the name "rahodeb," said Wild Oats Markets Inc. stock was overpriced. The statements predicted the company would fall into bankruptcy and then be sold after its stock fell below $5 per share.
BUSINESS
August 15, 2007 | Associated Press
WASHINGTON -- Regulators filed court documents yesterday outlining concerns that stores in competitive markets would close and consumers would face higher prices if Whole Foods Market Inc.'s $565 million purchase of Wild Oats Markets Inc. is completed. Federal Trade Commission documents revealed that Whole Foods plans to close 30 or more Wild Oats stores, a move that the company believes would nearly double revenue for some Whole Foods stores. The FTC also revealed how Whole Foods negotiates with suppliers to drive up costs for Wal-Mart Stores Inc. ...
BUSINESS
March 7, 2009 | Associated Press
AUSTIN, Texas - Whole Foods Market Inc. will sell 13 stores to resolve the Federal Trade Commission's challenge of its $565 million purchase of Wild Oats Markets, the company said yesterday. Whole Foods is putting 12 Wild Oats stores and one Whole Foods store up for sale in Arizona, Colorado, Connecticut, Missouri, New Mexico, Nevada, Oregon, and Utah. The Austin, Texas-based company will also sell leases and assets of 19 Wild Oats stores that have closed. In a statement, Whole Foods chief executive John Mackey said the 13 operating stores will do "business as usual.
BUSINESS
November 3, 2005 | Associated Press
WASHINGTON -- Erin O'Neal has two daughters and a fridge stocked with organic cheese, milk, fruits, and vegetables in her Annapolis, Md., home. She is among the increasing number of parents who buy organic to keep kids' diets free of food grown with pesticides, hormones, antibiotics, or genetic engineering. "The pesticide issue just scares me -- it wigs me out to think about the amount of chemicals that might be going into my kid," said O'Neal, 36. Sales of organic baby food have jumped nearly 18 percent since last year -- double the overall growth of organic food sales, according to the...
NEWS
March 30, 2008 | Florence Williams
My brother-in-law Peter lives in Boulder, Colorado. Whenever I use the bathroom in his house, I heave a bucket of used bath water down the toilet to flush it. This provides a welcome opportunity to enhance my deltoids, and it can save approximately 7,300 gallons of fresh water per year. Peter usually bikes, but occasionally he’ll drive his hybrid Honda from where it’s parked next to his xeriscaped yard to the Buddhist meditation classes he teaches downtown. He is, in short, the quintessential Boulderite.