The Wall Street Journal reports that the US Federal Trade Commission (FTC) is giving Whole Foods six more months to sell some of the assets it got in its 2007 acquisition of Wild Oats. Earlier this year, under pressure from the FTC and the treat of ongoing litigation, Whole Foods agreed to sell 32 Wild Oats stores and the company’s private brand by September 8.
Offers have been received though deals have not been struck, but the FTC apparently believed that there was enough of a good faith effort to grant an extension.
Offers have been received though deals have not been struck, but the FTC apparently believed that there was enough of a good faith effort to grant an extension.
- KC's View:
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Isn’t it nice that Whole Foods and the FTC are getting along so well these days?
