The Morning Brew: Friday, 8/17
In case you missed last night's update: A federal judge won't block Whole Foods' acquisition of Wild Oats. (New York Times)
The exact reasoning behind the judge's decision won't be made public. (Doing so would reveal Whole Foods' corporate secrets.)
Some details have leaked to the press, however:
...Clifford H. Aronson, a lawyer for Wild Oats who had quickly read the decision, said the judge simply did not believe that there was a unique market for natural and organic foods, as the F.T.C. had argued. He said the online postings from Mr. Mackey did not sway the judge.
"It was a sideshow, but it doesn't make an antitrust case," Mr. Aronson said.
Look! Both of our favorites stories from this summer!
A report from the Chinese government claims that nearly all of the country's food exports meet the safety standards of the U.S., the E.U. and Japan. (Bloomberg)
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