Whole Foods Plans to Sell Henry's, Sun Harvest

AUSTIN, Texas — As expected, Whole Foods Market here said it has reached an agreement with a private equity firm to sell off the Henry's Farmers Market and Sun Harvest chains in California and Texas, respectively, after it completes its proposed acquisition of Wild Oats — assuming its gets antitrust approval for that deal — Whole Foods' chief executive officer said in a blog entry on the chain's website. He said Henry's and Sun Harvest, which operate 29 and eight stores, respectively, account for about 30% of Wild Oats' sales. "They don't fit into Whole Foods store strategy going forward," John Mackey wrote in the blog, which details at length his disagreement with the Federal Trade Commission's effort to block the merger of Whole Foods and Wild Oats. Apollo Capital Management has agreed to buy the Henry's and Sun Harvest locations, according to a report in the Wall Street Journal.

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