Business Law

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THE EARLY YEARS

In 1978, John Mackey and his girlfriend Rene Lawson, opened a natural food store namely SaferWay in Austin, Texas. They borrowed $45,000 from their friends and family. Both of them went out of their apartment to store food products in there and started living in the store. Two years later, John Mackey signed a deal with Craig Weller and Mark Skiles to merge SaferWay with their Clarksville Natural Grocery, which was in result the opening of Whole Foods Market on September 20, 1980. The store was quite large with a staff of 19 people, based at 12,500 square feet. Not less than a year, in 1981, a flood appeared after 70 years, which destroyed the stores inventory and damaged most of the equipments. The loss was of about $400,000. As the Whole Foods Market did not had insurance 1, customers and neighbors helped them to repair the damage and to clean it up. Creditors, vendors and investors also cooperated with them, which helped them to re-open the store soon after 28 days
In 1984, Whole Foods Market started expanding out of Austin, towards Houston and than Dallas, purchasing the Whole Foods Company in 1988. After a

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