Make us your home page
Instagram

Whole Foods' fight with FTC reaches a standoff

John Mackey, CEO of Whole Foods, speaks while surrounded by Whole Foods employees during a news conference Tuesday in Washington, D.C. He has sued to halt the FTC’s antitrust proceedings.

Getty Images

John Mackey, CEO of Whole Foods, speaks while surrounded by Whole Foods employees during a news conference Tuesday in Washington, D.C. He has sued to halt the FTC’s antitrust proceedings.

Whole Foods Market Inc. maverick CEO John Mackey last week upped the ante on his campaign to discredit the U.S. Federal Trade Commission, which seems compelled to undo the company's 2007 acquisition of Wild Oats Markets Inc. Mackey, flanked by two dozen store employees, held a press conference in Washington insisting the FTC mistreats Whole Foods as it contests the Wild Oats merger.

"The FTC from the very beginning has treated Whole Foods Markets disrespectfully and, I think, has almost a vendetta at this point," Mackey said.

Whole Foods operates 16 stores in Florida, including a Tampa store — a former Wild Oats store — at 1548 N Dale Mabry Blvd. Wild Oats had 109 stores at the time of the merger, and most have already been absorbed into Whole Foods.

Whole Foods filed a lawsuit against the FTC one week ago asking a federal court to stop the FTC from convening an administrative trial in February on the legality of the merger.

On antitrust grounds, the FTC argues the merger completed in August 2007 would lessen competition in the market for natural and organic foods. It's not clear if the FTC researchers concluded this before wandering the organic products sections of almost every major supermarket chain.

"There's only one place Whole Foods has a monopoly," Mackey argues, "and that's in the imagination of the lawyers at the Federal Trade Commission."

According to Mackey, Whole Foods' store prices have dropped since the merger and same-store sales (stores open at least one year) are down. "How," poses Mackey, "can a monopolist have negative same-store sales?"

Whole Foods' legal fight has already cost the organic-grocery chain $16.5-million. The company faces up to $20-million more in legal bills as the case proceeds through the FTC's judicial system.

• • •

That Ohio bank with the memorable name of Fifth Third appointed longtime Tampa Bay banker Karen Lovaglio Dee as president and chief executive of its Central Florida affiliate in Orlando. She starts the first Monday of 2009. Dee is a former Wachovia Bank president for the Tampa Bay region (and for a while was the senior female banking executive in the metro area), and before that was a longtime First Union executive. She joined Fifth Third in October 2006.

Dee's Orlando roots already are growing. One of her daughters is a senior at the University of Central Florida and the other daughter will be an incoming freshman at UCF in 2009.

• • •

When he died in 2007, Tampa area rancher and businessman Bob Thomas was among the region's biggest philanthropists, particularly when it came to the Catholic Church.

Last week, Ave Maria University in Naples named a building after Thomas, the 65,000-square-foot Bob Thomas Student Union. Thomas served as chairman of the university started by Domino's Pizza founder Thomas Monaghan. He and his family gave more than $5-million to the school. Thomas owned Two Rivers Ranch, 14,000 acres in Thonotosassa.

Whole Foods' fight with FTC reaches a standoff 12/14/08 [Last modified: Sunday, December 14, 2008 7:16pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. Tampa Bay is ground-zero for assignment of benefits cases over broken auto glass

    Banking

    When Rachel Thorpe tried to renew her auto insurance last year for her Toyta RAV4, she was stunned to see her monthly premium had nearly doubled to $600. The Sarasota driver was baffled since her only recent claim was over a broken windshield.

    Auto glass lawsuits filed by a third party (through what's known as assignment of benefits) are skyrocketing in Tampa Bay.
[Times file photo]
  2. Siesta Beach tops Dr. Beach's rankings of best locations in America

    Tourism

    Three beaches in Florida made it on a highly coveted list of the top 10 in America this year, ranked by Dr. Stephen Leatherman, a.k.a. "Dr. Beach."

    This May 18, 2017 photo shows Siesta Beach on Siesta Key in Sarasota, Fla. Siesta Beach is No. 1 on the list of best beaches for the summer of 2017 compiled by Stephen Leatherman, also known as Dr. Beach, a professor at Florida International University. [Chris O'Meara | Associated Press]
  3. Brooksville's popular Florida Cracker Kitchen aims at statewide expansion

    Retail

    BROOKSVILLE — Florida Cracker Kitchen's inverted cowboy boot logo — seemingly plastered on every pickup truck in Hernando County — may someday be just as ubiquitous across the state.

    Shrimp and grits is a signature dish at Florida Cracker Kitchen, which plans to open more restaurants in the state.
  4. Alison Barlow named director to spur creative economy, jobs of St. Pete Innovation District

    Economic Development

    After an extensive search, the recently created St. Pete Innovation District now has its first executive director. Alison Barlow on Thursday was named to the position in which she will help recruit and facilitate a designated downtown St. Petersburg area whose assets and members range from USF St. Petersburg, Johns …

    Alison Barlow has been named the first executive director of the recently created St. Pete Innovation District, a designated downtown St. Petersburg area whose assets and members range from USF St. Petersburg, Johns Hopkins All Children's Hospital and Poynter Institute to SRI International and the USF College of Marine Science, among many other organizations. Barlow, who most recently served as manager of the Collaborative Labs at St. Petersburg College, starts her new job June 16.[Photo courtesy of LinkedIn]
  5. Trigaux: Amid a record turnout, regional technology group spotlights successes, desire to do more

    Business

    ST. PETERSBURG — They came. They saw. They celebrated Tampa Bay's tech momentum.

    A record turnout event by the Tampa Bay Technology Forum, held May 24 at the Mahaffey Theater in St. Petersburg, featured a panel of area tech executives talking about the challenges encountered during their respective mergers and acquisitions. Show, from left to right, are: Gerard Purcell, senior vice president of global IT integration at Tech Data Corp.; John Kuemmel, chief information officer at Triad Retail Media, and Chris Cate, chief operating officer at Valpak. [Robert Trigaux, Times]