Food Industry
Industry: Email Alert RSS Feed'A glimpse into bullying tactics'
Grocer, June 23, 2007
AUSTIN, TEXAS: John Mackey, CEO of Whole Foods Market, has written a blog entry on the US Federal Trade Commission's challenge to its $565m (283m [pounds sterling]) merger with US grocery chain Wild Oats Market. The FTC has claimed the deal would restrict competition. The companies are set to appear in court next month to challenge the FTC's injunction to block the proposed merger.
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"My blog posting provides explanations of how I think the FTC, to date, has neglected to do its homework appropriately, especially given the statements made regarding prices, quality and service levels in its complaint," said Mackay. "I also provide a glimpse into the bullying tactics used against Whole Foods Market by this taxpayer-funded agency."
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