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Whole Foods in talks to buy six stores in Massachusetts |
08.31.2012
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Whole Foods Market is in talks to buy or take over leases for six eastern Massachusetts locations of family-owned Johnnie's Foodmaster, according to a report in the Boston Globe. http://bo.st/S0j2VV
"If the deal goes through, Whole Foods will increase its presence in Massachusetts by nearly 30 percent at a time when rivals like Market Basket and Wegmans Food Markets are stepping up expansion efforts," the report continues. Whole Foods currently has 21 Massachusetts stores, with another two planned.
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The negotiations can be interpreted as a move to protect market share from Wegmans, which entered New England in a big way last year with a 140,000-square-foot store in Northborough, central Massachusetts, and has announced plans for two more locations.
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