Whole Foods Market has reached a deal with US regulators to extend the deadline for settlement talks, in the hope of resolving an antitrust case over the natural food retailer’s acquisition of Wild Oats Markets.
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The US Federal Trade Commission (FTC) and Whole Foods have been embroiled in a protracted legal battle over the 2007 acquisition of Wild Oats. The FTC has claimed the deal breaches competition regulations.
At the end of January, the FTC agreed to a five-day pause in the legal battle for settlement talks. This has now been extended for a further 30 days, with a deadline of 6 March set.
“Discussions with Whole Foods are ongoing,” a spokesperson for the FTC confirmed today (5 February). “We are working toward a mutually acceptable agreement. It is not yet clear whether this can be achieved.”
Whole Foods was unavailable for comment at time of press.
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By GlobalData
