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Article: Wild Oats' health diagnoses differ Company claims 'weakened' state FTC sees revival.(Business)
- Article from:
- Rocky Mountain News (Denver, CO)
- Article date:
- August 2, 2007
- Author:
CopyrightCOPYRIGHT 2007 Rocky Mountain News. All rights reserved. Reproduced with the permission of the Dialog Corporation by Gale Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Joyzelle Davis, Rocky Mountain News
WASHINGTON -- Two starkly different pictures of Wild Oats' financial health emerged in court Wednesday.
According to the Federal Trade Commission, Whole Foods was so worried by the Boulder-based company's successful turnaround that it offered $671 million to eliminate a resurgent competitor. Wild Oats, however, says its customer count has been declining for the past five years and it's in no position to go head-to-head with its larger rival.
"We're not saying Wild Oats is a failing firm," Wild Oats lawyer Clifford Aronson said. "We're saying it's a weakened firm."
Aronson's arguments came in ...