The global consumer goods company is understood to have received the offer about six weeks ago and is looking to sell its bakery business. The food giant is currently without a CEO after the resignation of Brenda Barnes who stepped down earlier this year after suffering a stroke.
Whole Foods Market has teamed up with non-profit organisation The Non-GMO Project to raise awareness about the presence of genetically modified organisms in food. As part of the initiative, Whole Foods Market has developed a 'Non-GMO Project verified seal' to help shoppers recognise products that avoid the intentional use of GMO ingredients.
"Shoppers want more information about what's happening to their food," said Whole Foods Market senior global vice president of purchasing, distribution and marketing Michael Besancon.
The approval clears the final obstacle to the biggest private equity deal in France since the financial crisis began.
"The funds raised will help us grow the business as we look to replicate the considerable success we have achieved in major cities across Russia," said O'Key CEO Patrick Longuet. Rival X5 Retail is already listed on the London Stock Exchange.