The Austin Business Journal reports that the Federal Trade Commission (FTC) lawsuit against Whole Foods, which endeavors to somehow void the retailer’s $565 million acquisition of Wild Oats, its largest competitor, will go to trial in February in a Washington, DC, federal court.
The FTC argues that the merger is bad for consumers because it creates a near monopoly that will allow the combined companies to raise prices without significant competition.
The FTC argues that the merger is bad for consumers because it creates a near monopoly that will allow the combined companies to raise prices without significant competition.
- KC's View:
- Which would be a pretty good argument if Whole Foods/Wild Oats had not been trying to cut prices to appeal to economically stretched shoppers, hadn’t seen a precipitous drop in sales recently, and hadn’t completed the merger more than a year ago.
