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Whole Foods Could Sign Lease for London Store by Year's End

AUSTIN, Tex. -- Whole Foods Market expects to sign the lease for its first London flagship store before the end of the year, a company executive told Reuters.

Jim Sud, e.v.p. of growth and business development, said the grocer is eyeing locations in London that could accommodate a Whole Foods store ranging from 30,000 to 50,000 square feet. He said a lease could be signed within the next few months.

A little over a year ago, Whole Foods bought seven small-sized stores of British rival Fresh & Wild Holdings, setting up a base for its venture across the pond.

Sud noted that, as in New York, where the chain operates two stores and has more in the offing, finding good real estate in London takes time.

-- Joseph Tarnowski
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