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Consumer OTC Drugs

Amrion shut-down

This article was originally published in The Tan Sheet

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Parent company Whole Foods reports $49 mil. total loss from ailing supplement business operations in fourth quarter ended Sept. 24. Discontinued Amrion operations account for $9 mil. of the loss, Chairman & CEO John Mackey tells analysts Nov. 21, noting the company is seeking a buyer for the failed business. Whole Foods retained an investment firm to explore "strategic alternatives" for Amrion in late October (1"The Tan Sheet" Nov. 6, p. 6)

Parent company Whole Foods reports $49 mil. total loss from ailing supplement business operations in fourth quarter ended Sept. 24. Discontinued Amrion operations account for $9 mil. of the loss, Chairman & CEO John Mackey tells analysts Nov. 21, noting the company is seeking a buyer for the failed business. Whole Foods retained an investment firm to explore "strategic alternatives" for Amrion in late October (1 (Also see "Whole Foods' Amrion Business Future Weighed" - Pink Sheet, 6 Nov, 2000.)).
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