Whole foods chief exec has Ratner moment
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Ray Boulger, senior technical manager at John Charcol
The headline of the lead story in yesterday;s Evening Standard was ’We sell junk says boss of organic stores’.
As an American, Whole Foods chief executive John Mackey may not be aware of Gerald Ratner’s infamous reference to the jewellery his stores sold as being crap.
But I suggest this comment could have a similar impact on his already struggling stores, which only a few days ago reported massive losses.
Admitting to selling junk is bad enough but when it is very expensive junk it is a double whammy.
