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  <title>Green Options &#187; national certified grocer</title>
  <link>http://greenoptions.com/tag/national-certified-grocer</link>
  <description>Posts tagged 'national certified grocer'</description>
  <pubDate>Mon, 10 Nov 2008 08:22:12 +0000</pubDate>
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    <title>Whole Foods Market Sells $425 million Equity Stake to Leonard Green &#38; Partners</title>
    <link>http://inspiredeconomist.com/2008/11/10/whole-foods-market-sells-425-million-equity-stake-to-leonard-green-partners/</link>
    <comments>http://inspiredeconomist.com/2008/11/10/whole-foods-market-sells-425-million-equity-stake-to-leonard-green-partners/#comments</comments>
    <pubDate>Mon, 10 Nov 2008 08:22:12 +0000</pubDate>
    <dc:creator>Reenita Malhotra</dc:creator>
    
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    <description><![CDATA[<h3 style="text-align: left"><a href="http://wholefoodmarket.com" target="_blank"><strong>Whole Foods Market</strong></a> announced last week that it will sell a 17 percent stake in the company to the private equity firm <a href="http://www.leonardgreen.com/" target="_blank"><strong>Leonard Green &#38; Partners</strong></a> for $425 million.</h3>
<p style="text-align: left"><img src="http://go635254.s3.amazonaws.com/inspiredeconomist/files/2008/11/images-3.jpg" alt="" width="153" height="113" /></p>
<h3 style="text-align: left"><a href="http://wholefoodmarket.com" target="_blank"><img class="alignleft" style="float: right" src="http://go635254.s3.amazonaws.com/inspiredeconomist/files/2008/11/images-4.jpg" alt="" width="153" height="117" /></a></h3>
<h3 style="text-align: left"><a href="http://wholefoodmarket.com" target="_blank"><br />
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<p><a href="http://inspiredeconomist.com/2006/09/07/whole-foods-market-becomes-first-fortune-500-company-to-offset-100-of-its-energy-usage/" target="_blank">Whole Foods Market</a> is the world’s leading <strong>natural and organic foods supermarket</strong> and America&#8217;s first <strong>national certified grocer</strong>. <strong>Leonard Green &#38; Partners</strong> is a <a href="http://inspiredeconomist.com/2007/05/18/access-capital-strategies-opens-its-community-investment-fund-to-all-investors/" target="_blank">private investment firm </a>established in 1989 which manages about $9 billion in capital.</p>
<p>Like many other businesses, <a href="http://ecopreneurist.com/2008/01/28/whole-foods-market-bagging-profit-for-purpose/" target="_blank">Whole Foods</a> has suffered the brunt of the economic crisis as consumer spending has gone down. It has been forced to restructure in multiple ways including cutting back on its expansion plans. <strong>John Mackey</strong>, chairman, chief executive and co-founder of <a href="http://ecopreneurist.com/2008/04/18/exit-plastic-bags-enter-marketing/" target="_blank"><strong>Whole Foods Market</strong></a> said in a statement that the company viewed <strong>Leonard Green’s</strong> investment “<em>as a strong vote of confidence in our business model and our long-term growth prospects, despite the current economic environment</em>.”</p>
<p style="text-align: left">Read here for the complete press release: <a href="http://www.leonardgreen.com/news/110508-WholeFoods-n.pdf" target="_blank">Whole Foods Market Announces $425 Million Equity Investment by Leonard Green &#38; Partners, L.P.</a></p>
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