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.

Register to view the full article