WHOLE FOODS ON THE ROAD TO DETROIT VIA ACQUISITION

AUSTIN, Texas -- Whole Foods Market here said last week it will enter the suburban Detroit market next month by acquiring Merchant of Vino, Farmington Hills, Mich., in a $41.2 million stock transaction.Financial analysts told SN the acquisition would continue a trend to target affluent, educated shoppers with natural food and gourmet food under one roof, and would give Whole Foods instant expertise

AUSTIN, Texas -- Whole Foods Market here said last week it will enter the suburban Detroit market next month by acquiring Merchant of Vino, Farmington Hills, Mich., in a $41.2 million stock transaction.

Financial analysts told SN the acquisition would continue a trend to target affluent, educated shoppers with natural food and gourmet food under one roof, and would give Whole Foods instant expertise in wine merchandising.

Merchant of Vino owns and operates two small specialty

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