Amazon to Buy Whole Foods for $13.7 Billion

[newarkhiphop]

Amazon to buy Whole Foods for $13.7bn - BBC News


Online retail giant Amazon is buying Whole Foods in a $13.7bn (£10.7bn) deal that marks its biggest push into traditional retailing yet.

Amazon, which has been experimenting with grocery offerings, will buy the upscale supermarket for $42 a share.

Founded in 1978 in Texas, Whole Foods was a pioneer of the move towards natural and organic foods.

It has grown to more than 460 stores in the US, Canada and the UK, and employs about 87,000 people globally.

Amazon founder and chief executive Jeff Bezos said: "Millions of people love Whole Foods Market because they offer the best natural and organic foods, and they make it fun to eat healthy.

"Whole Foods Market has been satisfying, delighting and nourishing customers for nearly four decades - they're doing an amazing job and we want that to continue."

 

[Dr. Acula]

What motivated the selling for Whole Foods?

Will they be offering grocery delivery services on amazon for delivery from your local Whole Foods?

 

[wire28]

Amazon got that long money

 

[Black Panther]

Whole Foods + Amazon Local delivery?

 

[Maschine_Man]

whole foods Prime coming soon

pre-order that organic Kale, and get you a bonus Avocado , procured from only the finest avocado trees grown in the richest soils on earth.

 

[Jparker]

I thought they had a grocery section already? This is a pretty good move but they gotta do better than 2 day shipping.

 

[I_Got_Da_Burna]

What motivated the selling for Whole Foods?

Will they be offering grocery delivery services on amazon for delivery from your local Whole Foods?

Whole foods has been struggling with sales, and were going to shut down locations. This is a god send for them.

 

[Maschine_Man]

I thought they had a grocery section already? This is a pretty good move but they gotta do better than 2 day shipping.

Amazon has same day delivery in some places.

 

[DEAD7]

I thought they had a grocery section already? This is a pretty good move but they gotta do better than 2 day shipping.

 

[GnauzBookOfRhymes]

What motivated the selling for Whole Foods?

Will they be offering grocery delivery services on amazon for delivery from your local Whole Foods?

Amazon was getting KILLED by:

1) reputation for insanely high prices
2) big box grocers (Kroger/Walmart etc) starting to offer greater organic/high end grocery selections, eating into WF's sales/profits

 

[N.J.stan]

Anyone owning whole foods stock won. Popped 27% off the news

 

[levitate]

WHOLE FOODS was getting KILLED by:

1) reputation for insanely high prices
2) big box grocers (Kroger/Walmart etc) starting to offer greater organic/high end grocery selections, eating into WF's sales/profits

Fixed.

 

[Jparker]

I have a grocery store right around the corner lol. They can't take that direct market away. I order toothpaste deodorant body wash toliet paper etc. Off them now but im not waiting 2 days for tomatoes.

 

[Jparker]

Amazon has same day delivery in some places.

Are you allowed to do ware house pickups? It's really like 15 minutes away we don't have same day delivery

 

[ExodusNirvana]