Who’s Buying Whole Foods?
The recent acquisition of 9 percent of Whole Foods stock by Jana Partners, making it the second-largest shareholder, and the subsequent admonishment to change, has stirred an on-going rumor mill about who will buy the beleaguered natural and organic grocery chain.
The latest name to enter the fray is Albertsons after Kroger was speculated to have an interest. Amazon also has been mentioned as having been a potential suitor.
With all of the speculation, Whole Foods stock has risen 3.6 percent, and the company has hired Evercore to advise on a strategic review of operations, which could include a sale.
To read more about the potential sale of Whole Foods, click here for TGR’s sister publication Progressive Grocer’s take on the situation.