UK Whole Foods losses ‘don’t reflect progress’
Despite losses of £36 million (€41.8 million), Whole Foods Market’s British operation is making progress in the UK and will continue to expand, according to reports.
According to The Independent, last year’s losses at the natural and organic retailer “do not accurately reflect the progress the company has started to see in the UK”, since the losses include a £27.1 million (€31.5 million) write-down of unspecified assets.
In a statement, the company said: “Over the past year Whole Foods Market has continued to make business decisions that rededicate itself to the UK. To prove its commitment to becoming the leading natural and organic grocer in the UK, Whole Foods Market has taken significant steps to ensure its long-term future. Firstly, it has relocated senior leadership from the US to the UK.”
