Whole Foods reached out to Amazon as an activist investor ratcheted up pressure
Bloomberg News
(Bloomberg)—Whole Foods Markets Inc. CEO John Mackey was facing the worst crisis in his company’s history. On April 10, activist hedge fund Jana Partners had announced an 8% stake and was agitating for an overhaul of the struggling grocery chain, potentially including a sale. That’s when Mackey recalled reading a report that Amazon.com Inc., No. […]