As reported in Supermarket News, stock in Wild Oats Markets soared yesterday following news that Robert Miller was leaving the ailing natural retailer, to become chief executive officer of 665 the Albertson’s stores to be acquired by Cerberus, as part of the consortium with Supervalu and CVS.
Miller’s appointment spurred stock watchers as a possible signal that Cerberus is looking to purchase Wild Oats.
Miller, former CEO of Fred Meyer and Rite-Aid stated” I am excited that I will be back in the grocery business, in areas I am familiar with.” Translated could this mean he is happy to be out of the floundering landscape of Wild Oats?
