FTC approves Whole Foods order
This article was originally published in The Tan Sheet
Whole Foods Market will divest 13 operating and 19 closed locations as part of a final consent order issued May 28 by the Federal Trade Commission. The Austin, Texas-based premium grocery chain settled with the agency after FTC pursued an antitrust case against the firm's 2007 acquisition of competitor Wild Oats (1"The Tan Sheet" March 9, 2009, In Brief). The final order, which the four commissioners unanimously approved, says an appointed divestiture trustee will have six months to complete the divestiture
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High-end grocery store chain Whole Foods Market will sell 32 of the stores it acquired when it bough its former competitor Wild Oats in 2007 and will divest related assets, according to a settlement with the Federal Trade Commission. The 1agreement resolves allegations the chain's acquisition of Wild Oats stores was anticompetitive, FTC announces March 6 (2"The Tan Sheet" Feb. 2, 2009, In Brief)
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