Re: Whole Foods in JC?
Posted by bodhipooh on 2017/4/24 15:38:42
It was announced today that Albertsons might buy Whole Foods. Albertsons also owns Acme. Hopefully this is good news?
This is not quite accurate. What was revealed is that Albertsons is considering making a takeover bid for Whole Foods. Albertsons is controlled by Cerberus. Jana Partners (a competitor of Cerberus) has also telegraphed similar intentions, going as far as accumulating a 9% stake in Whole Foods. Regardless of who wins out, this is not necessarily good news: these buyout firms can be brutal and vicious in their approach to achieve profitability.
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