Mackey: Whole Foods acquired all peer entrepreneurs in the Natural Foods Network
John Mackey · John Mackey: Building Whole Foods · Oct 29, 2024 · at 43:09
Whole Foods co-founder John Mackey discusses how meeting regularly with pioneer natural food grocers across the country (such as Mrs. Gooch's and Bread & Circus) led to Whole Foods acquiring them.
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“And eventually Whole Foods ended up, all those entrepreneurs all ultimately sold out to us. So Natural Foods Network ended up being this great vehicle of relationship building that allowed those entrepreneurs to all cash out and make, become millionaires and make a lot of money, and gave Whole Foods what we needed, which was these various geographical platforms that we could use to expand and grow off of.”
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