David Senra · Jan 4John Mackey: The Dropout Who Changed How America Eats
One of the few early natural food supermarkets Mackey studied, it was bought for about $28 million, which rose to about $30 million as the stock climbed. The deal showed other network owners that Whole Foods paid well.
Tips
- John Mackey built a Natural Foods Network of rival founders that later became his acquisition pipeline▶ 31:00Mrs. Gooch's in LA did about 10 times the sales of his first store and showed him the fresh meat and produce model.
- Whole Foods went into markets rivals had not claimed, and went public so friends could cash out▶ 38:10Whole Foods paid Bread & Circus's founder $28 million, which became about $30 million as the stock rose.
