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In the News

A Game-Changer in Retail? Amazon buys Whole Foods

Geoff Riley

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.

A Game-Changer in Retail? Amazon buys Whole Foods

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.

@tutor2uGeoff

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