The grocery chain’s owner is reportedly considering a takeover of high-end grocer Whole Foods Market Inc., according to a report Monday from the Financial Times. The news comes just weeks after Bloomberg reported that Albertsons had preliminary discussions about merging with another organic grocery chain, Sprouts Farmers Market Inc. Citing unnamed sources, the Financial Times said Cerberus Capital Management — a New York private equity firm that owns Albertsons and Safeway among other grocers — has had early talks with bankers about making a bid for Whole Foods. Whole Foods, Albertsons and Cerberus all declined to comment on the Financial Times report. The Austin, Texas, chain responded with a new concept called 365 by Whole Foods.

Source: Los Angeles Times April 25, 2017 15:23 UTC