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Whole Foods founder John Mackey doesn’t follow business plans
ReThinking
The Decision to Sell Whole Foods Market
When we came out of the Great Recession, Whole Foods Market stock price dropped 90%. We were selling it two times our own cash flow. And when I asked my team about it, I understand this doesn't make sense. How can our gross margins be going up if we're not raising prices? He says he didn't look any further and that's true to be a big mistake. "I decided that I had to sell whole foods because I would never have left it"
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