Amazon to Buy Whole Foods in $13.4 Billion Deal

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Kailuaboy
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Amazon to Buy Whole Foods in $13.4 Billion Deal

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Amazon to Buy Whole Foods in $13.4 Billion Deal








By MICHAEL J. de la MERCED and NICK WINGFIELD
June 16, 2017

Image
Customers at a Whole Foods Market in Manhattan. Credit John Taggart for The New York Times

Amazon said on Friday that it had agreed to buy the upscale grocery chain Whole Foods for $13.4 billion, as the online retailer looks
to conquer new territory in the supermarket aisle.

For Amazon, the deal marks an ambitious push into the mammoth grocery business, an industry that in the United States accounts
for around $700 to $800 billion in annual sales. Amazon is also amplifying the competition with Walmart, which has been struggling
to play catch-up to the online juggernaut.


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Re: Amazon to Buy Whole Foods in $13.4 Billion Deal

Post by ubercow »

hope I can get whole foods discounts with a prime account haha

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Re: Amazon to Buy Whole Foods in $13.4 Billion Deal

Post by wyokie »

There's a Whole Foods here in Oklahoma City. Not really impressed.

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Re: Amazon to Buy Whole Foods in $13.4 Billion Deal

Post by Irse »

Never shopped there. Prices too high.
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