Brief Amazon-Whole Foods Probe Sparks Transparency Questions

Date: 28 Aug 2017 | posted in: Media Coverage, Retail | 0 Facebooktwitterredditmail

In the News: Stacy Mitchell

August 28, 2017

Media Outlet: Bloomberg BNA

Stacy Mitchell’s analysis of Amazon’s purchase of Whole Foods was featured in Alexei Alexis’ Bloomberg BNA article on the uproar over the Federal Trade Commission’s brief review of the deal:

Some public interest groups and congressional Democrats wanted the FTC to consider Amazon’s growing control over online commerce as part of the agency’s review.

“The FTC apparently choose to ignore Amazon’s online dominance and instead focus narrowly on groceries,” Stacy Mitchell, co-director of the Institute for Local Self-Reliance, which advocates for communities and independent businesses, told Bloomberg BNA.

“The other dismaying aspect of this is that the FTC did not offer any explanation,” she added. “It did not explain how it chose to view this deal, what it investigated, or its conclusions. There is zero public transparency.”

The FTC rarely comments on why it closes antitrust investigations, according to FTC spokeswoman Betsy Lordan. When it does so, the comment usually takes the form of a public closing letter.

Read the full story here.

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Nick Stumo-Langer

Nick Stumo-Langer was Communications Manager at ILSR working for all five initiatives. He ran ILSR's Facebook and Twitter profiles and builds relationships with reporters. He is an alumnus of St. Olaf College and animated by the concerns of monopoly power across our economy.