Wednesday, July 17, 2019
Foods Market Essay
For months, all in all Foods Market and its legal team switch waged a very public skirmish against the Federal Trade Commissions charges that the high-end grocers 2007 union with Wild Oats Markets violate antitrust laws. The court fight started in June 2007 when FTC lawyers first tried to prevent the merger by filing suit in the U. S. District Court for the District of Columbia. Then, extend October, social unit Foods raised the stakes by unleashing lobbying and media campaigns against the FTC. After all of that, this mornings announcement that exclusively Foods has agreed to ensconce with the FTC raises an obvious question Why?Decherd accessory Paul Denis, who has represented Whole Foods since 2007 in defending the merger, says it came down to money, and Whole Foods in any case just wanted to move on. This is a very expensive process, he says, adding that Whole Foods thought if made sense to deliver to eliminate that cash burden. In December, Whole Foods said it had spe nt $16 one thousand million on attorney and expert fees since 2007. Asked whether allocating supererogatory resources to the public fight against the FTC was worth it for his client, Denis says, You do what you have to defend yourself. You can never ask yourself is it worth it.
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