Amrion shut-down
This article was originally published in The Tan Sheet
Executive Summary
Parent company Whole Foods reports $49 mil. total loss from ailing supplement business operations in fourth quarter ended Sept. 24. Discontinued Amrion operations account for $9 mil. of the loss, Chairman & CEO John Mackey tells analysts Nov. 21, noting the company is seeking a buyer for the failed business. Whole Foods retained an investment firm to explore "strategic alternatives" for Amrion in late October (1"The Tan Sheet" Nov. 6, p. 6)
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