In the News
A Game-Changer in Retail? Amazon buys Whole Foods
17th June 2017
This is one of those corporate acquisitions that takes the breath away. Amazon's has agreed to acquire Whole Foods in a cash deal worth $13.7 billion.
Whole Foods Market is an US-based based grocery retailer with an emphasis on organic and natural food products.
This is Amazon getting into bricks and mortar retail in a big way and it represents a big challenge to giant retailers such as Walmart. The takeover bid gives Amazon stores but crucially it gives Amazon Founder and CEO Jeff Bezos a well-established and upmarket brand. Will Amazon apply their innovative app Amazon Go to the Whole Foods concept?
Naturally a deal this size will attract the interest of regulators.
Why did Amazon buy Whole Foods? Wonderful piece by @dkthomp https://t.co/wU4x0g1Fjw
— Rory Sutherland (@rorysutherland) June 18, 2017
An industry shudders as Amazon buys Whole Foods for $13.7bn https://t.co/FgAiZ4FQB1
— The Economist (@TheEconomist) June 17, 2017
What does the deal says about the future of business, branding, and organizational culture? https://t.co/6J5cnB3vYk
— Harvard Business Review (@HarvardBiz) June 16, 2017
Whole Foods shares have now climbed 39% year to date, while Amazon shares have run up 32% https://t.co/jH1q0vGIoG pic.twitter.com/YbUtelrKqb
— MarketWatch (@MarketWatch) June 17, 2017
Winners and losers in Amazon’s $13.7B purchase of Whole Foods https://t.co/mpAP5WlYFd
— TechCrunch (@TechCrunch) June 17, 2017
Amazon's bid for Whole Foods shows how a few tech giants are spreading their tentacles into unexpected industries https://t.co/c6RRRTBPwg
— The Wall Street Journal (@WSJ) June 16, 2017
- Economics
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- Amazon.com Inc.
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
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