Report: Details Emerge about Whole Foods-Wild Oats Integration
Denver, Whole Foods Market Inc. has outlined some of the transitional details to integrate Wild Oats Markets’ operations into its own, according to MorningNewsBeat.com. Whole Foods acquired its rival last week for $565 million.
All Wild Oats corporate personnel will be offered a severance package in the neighborhood of 20% of their annual salary, which will be paid in two installments,” MorningNewsBeat.com reported on its site. Approximately 20 or 30 associates will be offered positions with Whole Foods but not necessarily in Colorado. The rest will be let go and the Wild Oats corporate office in Boulder, CO will be shuttered.
The report also said that Whole Foods will be evaluating each Wild Oats store individually to determine whether or not they will close it or remodel it into a Whole Foods format. They expect to close as many as 35 of the 75 Wild Oats stores nationwide. Stores that will stay open will be remodeled and reset to Whole Foods schematics, MorningNewsBeat.com said.
Each Wild Oats store that stays open will be reset according to Whole Foods schematics and re-opened under the Whole Foods banner, the report said.
Philips restructures sales teams
ATLANTA According to a report by This Week In Consumer Electronics, Philips has decided to restructure its sales, marketing and support teams at its North American consumer electronics operations. The company, TWICE reported, has eliminated 19 positions and that Paul Zeven, ceo of Philips North America will become ceo of consumer electronics in North America.
In addition, according to TWICE, Stewart Muller, president of Philips consumer electronics North America, will now be in charge of Philips North American connected displays team. Andy Mintz, senior vp of audio/video, telephony and Magnavox-branded products, will now lead the team in charge of other Philips and Magnavox A/V categories.
Acer joins Blu-ray Disc Association
BERLIN Acer has become the newest company to join the Blu-ray Disc Association. The company joins more than 170 content providers, consumer electronic and computer companies.
“We’re delighted to welcome Acer to the Blu-ray Disc Association,” said Victor Matsuda, chairman of the BDA’s global promotions committee. “The addition of Acer provides one more sign of the growing momentum behind Blu-ray Disc and, more importantly, is a significant advantage for consumers, as it further expands the already broad options available to consumers in the personal computer space.”