Whole Foods CEO: Amazon saved us from the ‘whole paycheck’ trap
|09/29/2017||Posted by BusinessMediaguide.Com under General World News||
Before Amazon bought Whole Foods for $13.7 billion, the upscale grocery chain had a nickname: “Whole paycheck.”
The name referred to the company’s tendency to sell more high-end, niche items than traditional grocers — Whole Foods has carried things like kale-infused guacamole, $80 jars of honey, and tofu-ginger-rice muffins.
But Whole Foods CEO John Mackey told Food Business News that reputation has started to disappear since the merger.
“One reason the merger came about is Whole Foods was in a trap, and I couldn’t quite figure how to get out of that trap,” he said. “The trap was ‘whole read more >>>