Whole Foods: FTC OKs Sale Of Stores
The Federal Trade Commission cleared the sale of some Whole Foods Market Inc. (WFMI) assets the company had agreed to sell after its 2007 acquisition of Wild Oats.
After the upscale grocer purchased the rival chain, the FTC agreed to drop its fight to undo the deal if Whole Foods sold off 32 Wild Oats stores and its brand. Whole Foods later applied for and received an extension to sell the assets.
On Friday, the FTC said it approved the sale of Wild Oats' intellectual property to Luberski Inc. and Wild Oats subsidiary Alfalfa's Markets' intellectual property to A-M Holdings LLC. It denied the sale of those rights to Topco Associates LLC.
A Topco representative wasn't immediately available for comment.
The FTC also approved the sale of former Wild Oats stores in Kansas City, Mo. to Healthy Investments LLC; in Boulder, Colo., to A-M; and in Portland, Maine, to Trader Joe's East.
Copyright (c) 2010 Dow Jones & Company, Inc.