CEO spoke of eliminating rivals
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Whole Foods Market Inc. Chief Executive John Mackey told his board that if it bought its leading rival, the company would “eliminate forever” the possibility that anyone else could create a nationwide competitor in the natural and organic grocery business, regulators say.
Federal Trade Commission lawyers reported Mackey’s comments in a request this month for a temporary injunction to block Whole Foods from buying Wild Oats Market. A federal judge approved the request.
A Whole Foods spokeswoman said the FTC took comments “absolutely out of context.”
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