Whole Foods Plans To Sell Amrion

Whole Foods Plans To Sell Amrion

AUSTIN, Texas--Whole Foods Markets (NASDAQ:WFMI) in late November released its 4Q and FY00 numbers, ended Sept. 24. The natural products retailer, based here, posted sales increases of 22 percent for the quarter vs. the comparable quarter in 1999, and a 23-percent increase for the year. It also said it plans to repurchase all Amrion common stock from the venture capital investors in order to pursue a sale of the division.

The company announced in late October that it was retaining an investment banking firm to explore options for its investment in Amrion, a direct marketing and supplement manufacturing company. Whole Foods board of directors agreed to purchase 100 percent of the common stock back from the investors and "aggressively pursue a sale" of the division. The consolidated results of Whole Foods' operations in the 4Q include $49 million in charges related to losses from Amrion and the plan to discontinue the business.

For more information, visit www.wholefoods.com.

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