Whole Foods Acquires California and Arizona Stores from New Frontiers Natural Marketplace
Whole Foods is expanding in the west coast with four newly acquired stores in California and Arizona from organic foods retailer, New Frontiers National Marketplace. The stores average 22,000 square feet in size and are located in Flagstaff, Prescott, and Sedona, Arizona, and San Luis Obispo, California, according to a press release. The value of the transaction was not disclosed.
“We are excited to expand our presence to new markets in Arizona and Central California, bringing our fresh, delicious, and competitively-priced products with the highest quality standards in the business to these vibrant communities,” said Patrick Bradley, Whole Foods Southern Pacific Regional President.
“We are very enthusiastic about [Whole Foods’] ability to take our stores into a successful future,” said Jonathan King, President of New Frontiers. “We know they will provide growth opportunities for our exceptional team members, and continue to bring retail excellence and outstanding service to our local communities.”
Whole Foods will offer jobs to the team members at each of the four locations as part of the agreement. The transaction is expected to be finalized within the next few weeks.
With this latest consolidation development, Whole Foods is still on its way to accomplishing its goal of more than 1200 U.S. stores. Will we see further acquisitions from Whole Foods in the future?
Stay tuned to AndNowUKnow as we continue following the evolving retail market.
