Whole Foods Sells Equity Stake as Sales Slow

Whole Foods Market said last week it sold a 17% equity interest in the company to an investment group to have adequate liquidity for whatever comes down the pike a decision challenged by one participant during a conference call. We are in very uncertain economic times, and we're not certain what will happen, John Mackey, chairman and chief executive officer of Whole Foods, told analysts

AUSTIN, Texas — Whole Foods Market said last week it sold a 17% equity interest in the company to an investment group “to have adequate liquidity for whatever comes down the pike” — a decision challenged by one participant during a conference call.

“We are in very uncertain economic times, and we're not certain what will happen,” John Mackey, chairman and chief executive officer of Whole Foods, told analysts last week during a call to discuss financial results for the fiscal ye

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