PORTLAND — The Federal Trade Commission has cleared the way for Trader Joe’s to open a store in the former Wild Oats supermarket on Marginal Way.
As part of the purchase of Wild Oats by Whole Foods Markets, the FTC required that Whole Foods sell off the stores it was closing, preferably to a potential competitor. Trader Joe’s applied to purchase the former Wild Oats store in Portland and the FTC issued its final approval of that purchase today.
Trader Joe’s has applied for city licenses to operate a food service in the store and to sell beer and wine, but hasn’t yet commented formally on its plans. A call to the company’s headquarters in California has not yet been returned.
The FTC decision means the sale can now go through. Trader Joe’s will buy the store from the divestiture trustee appointed by the FTC, which will keep a percentage as a fee and then turn the rest of the money over to Whole Foods.
Copy the Story Link
Send questions/comments to the editors.
Success. Please wait for the page to reload. If the page does not reload within 5 seconds, please refresh the page.
Enter your email and password to access comments.
Hi, to comment on stories you must . This profile is in addition to your subscription and website login.
Already have a commenting profile? .
Invalid username/password.
Please check your email to confirm and complete your registration.
Only subscribers are eligible to post comments. Please subscribe or login first for digital access. Here’s why.
Use the form below to reset your password. When you've submitted your account email, we will send an email with a reset code.