Tuesday, August 24, 2010

Macro Open Letter

SOLD

Earlier this year we apologised for apparently getting the Macro Sale so wrong, we based the assumption that we were wrong on an open letter (and several txt messages mc65 received from pierce cody)

The letter (below) was sent out to suppliers & staff in a response to our assertion that the business was on the market & negotiations almost completed with Woolworth limited.
Mr Cody is as always is The Most Ethical of business owners and we are baffled at his tactics through these negotiations.






270209
Open Letter to: Macro Wholefoods Team & Suppliers
From: Pierce Cody
Subject: The Sale of Macro Wholefoods



Dear Sir / Madam,

You may be aware of the rumor and innuendo going around the market about Macro and its alleged sale. I thought it was important to advise that while we may have had discussions in the past with various parties, we have walked away from any major retailer relationship.

On the one hand, I guess we should be flattered that so many people take interest in Macro Wholefoods Market's future. However, much of the market banter was off the mark. I trust this note will put such discussions to rest.

We believe it is key to constantly review the business. To this end, I am pleased to announce we have appointed Tammy Ellerine Zwi as the new Managing Director of Macro. She has enormous retail experience. Her family is also one of the largest retailers and shopping mall owners in South Africa. She gets it!

Tammy is working with the Macro team on an extensive strategic review, and importantly a rapid implementation program. You will notice the changes quite quickly. Some of these changes involve a broadening of the range, relocation of head office and a change in our DC operations.

We are also excited about our next new store opening soon in Melbourne. We remain focused and committed to the business and thank you for your continued support. We appreciate such speculation is unsettling for all parties.

Yours Sincerely


Pierce Cody
Executive Chairman
Macro Wholefoods Market

"It's always about the customer"

Macro Life Pty Ltd
PO Box 6317
Unit 15, 33 Maddox Street
Alexandria NSW 2015

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