Warren Buffett turned down the chance to buy Whole Foods in 2017, CEO John Mackey says | Markets Insider

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Warren Buffett turned down the chance to buy Whole Foods in 2017, CEO John Mackey says

Warren Buffett declined an invitation to acquire Whole Foods in 2017, the high-end grocer's boss discloses in his new book,"Conscious Capitalism."

They feared JANA would seize control of the company and flog it to the highest bidder, and worried the new owner would betray their values by selling inferior products, firing thousands of workers, and dismantling the company.MORGAN STANLEY: Buy these 16 stocks to cheaply invest in next-generation technologies and reap the future profits they generate

Berkshire is famously hands off when it comes to acquisitions, preferring to purchase high-quality businesses with excellent management that it can trust to excel with minimal intervention.

 

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