 | |
| Formerly | Wild Oats Markets, Inc. |
|---|---|
| Company type | Subsidiary |
| Industry | Natural andorganicfood production |
| Founded | 1987 (1987) inBoulder,Colorado,United States |
| Founders | Libby Cook Mike Gilliland |
| Headquarters | , United States[1] |
Area served | United States |
Key people | Tom Casey (CEO)[2] James W. Keyes (Chairman)[3] |
| Owner | Yucaipa Companies |
| Parent | Hidden Villa Ranch (2010–2012) |
| Website | wildoats |
Wild Oats Marketplace (registered asWild Oats Marketing, LLC) is a producer ofnatural andorganicfood distributed through partnerships in theUnited States.
Founded in 1987 inBoulder, Colorado, it was originally a chain ofnatural foods stores operating throughout theWestern andSouthwestern United States. In 2007, it was purchased byWhole Foods Market, Inc, but anFTC objection resulted in a reversal of the purchase.[4] In 2010, the company was bought by Luberski Inc. (d.b.a. as Hidden Villa Ranch),[5] aWest Coast–based food distributor, who then sold it toThe Yucaipa Companies in 2012.[6]
Wild Oats currently produces and distributes various food products, including cereal, beverages, condiments, frozen and fresh items through partnerships withWalmart stores nationally and formerly throughFresh & Easy stores inCalifornia,Nevada andArizona (Fresh & Easy shut down in 2015). The company is headquartered inAddison, Texas.[1]
Wild Oats Markets acquired their local competitor, the 11-store Boulder-based Alfalfa's Markets chain, in July 1996.[7] Three Capers Community Market natural foods stores, located inBritish Columbia, were part of the Alfalfa's acquisition and have maintained the Capers name. In 1999, Wild Oats acquired several other chains, including 11 San Diego–basedHenry's Marketplace stores, the Nature's Northwest chain of stores in Portland, OR, and nine San Antonio–based Sun Harvest stores. Wild Oats announced that it would close all fiveHenry's Farmers Market stores in Arizona in December 2006, and would instead focus on the Wild Oats banner in that market.[8]
In 2001, Perry Odak who previously held executive positions atBen & Jerry’s, became President and Chief Executive Officer of Wild Oats Markets. Odak resigned in October 2006 after he and the company were unable to reach an agreement for a new employment contract. Gregory Mays, Chairman of the Board, was named interim chief executive officer. Mays is a former chief financial officer ofRalphs Grocery Co.[9]
Wild Oats Markets partnered withPathmark Stores beginning in February 2007 when Pathmark added Wild Oats brand private-label goods to all of its 141 northeast US stores. About 150 different natural and organic products were included in the partnership, including specialty products such as imported Italian sodas,balsamic vinegar,organic fruit spreads andflatbread crackers.[10]
After a partnership agreement by Yucaipa Cos., the relaunch of the branch occurred in April 2014 as an expansion of the organic selections at Walmart stores nationwide.[6]
Fresh & Easy tested a new concept under the Wild Oats banner at a single store inScottsdale, Arizona, in February 2015. The 10,000 square feet (930 m2) store opened on February 6 and “...will help us garner insights and learnings about the [Wild Oats] brand and give customers even more options to shop for healthy convenience items," said a company spokesman. He said Fresh & Easy had no plans to put the Wild Oats name on any additional stores. Fresh & Easy decided to test the new Wild Oats concept in Scottsdale, the spokesman said, “because the original Wild Oats chain had a long history of stores there and we felt consumers there would be excited to have us use it as a test market.” The test was open-ended, he added, with no specific timeframe. The store was formally called Wild Oats by Fresh & Easy. Fresh & Easy went out of business later that year.[11][12]
On February 21, 2007,Whole Foods Market announced that it had agreed to acquire Wild Oats for an estimated $565 million (~$821 million in 2024).[13]
On 27 June 2007, theFederal Trade Commission issued an administrative complaint challenging the acquisition. According to the complaint, the FTC believed that the proposed transaction "would violate federalantitrust laws by eliminating the substantial competition between these two uniquely close competitors in the operation of premium natural and organic supermarkets nationwide" and contended that "if the transaction goes forward Whole Foods would have the ability to raise prices and reduce quality and services."[14]
On July 29, 2008, theCourt of Appeals for the District of Columbia overturned the district court's decision allowing the merger. The Court of Appeals ruled that "premium natural, and organic supermarkets" ("PNOS"), such as Whole Foods and Wild Oats, constitute a distinct submarket of all grocers. The court ruled that "mission driven" consumers (those with an emphasis on social and environmental responsibility) would be adversely affected by the merger because substantial evidence by the FTC showed that Whole Foods intended to raise prices after consummation of the merger.[15] In 2009, Whole Foods agreed to sell the Wild Oats chain.[16]