Amazon acquiring Whole Foods for $13.7 billion, signalling entry into brick-and-mortar business

Briefing

Amazon acquiring Whole Foods for $13.7 billion, signalling entry into brick-and-mortar business

July 2, 2017

Briefing
  • Amazon Buying Whole Foods – Amazon buying Whole Foods for $13.7 billion, company's largest acquisition to date, with completion expected by 2017 H2
  • Brick-and-Mortar Retail Entry – Acquisition of Whole Foods and its 450 stores across U.S. enabling Amazon to compete with established retailers, such as Walmart and Target Corporation, signalling entry into traditional storefront retail
  • Whole Foods Plan – Will continue to operate stores under brand and be run by present CEO, with Amazon, known for harnessing technology in its prototype stores, not immediately planning to automate Whole Foods cashier jobs with Amazon Go Technology

Accelerator
Online Commerce

Market Disruption
Cross-Industry Convergence, Seamless Multi-Channel Experiences

Sector
Food and Beverage, Information Technology, Wholesale and Retail Trade

Organization
Amazon.com Inc., Inc., Whole Foods Market

Source

Original Publication Date
June 16, 2017

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