June 16, 2017
This sleepy Friday morning, from out of nowhere, online retail giant Amazon has announced that it is to purchase Wholefoods, a high end retail grocer chain, for $42 a share in cash at a total of $14 billion USD. This is the biggest ever acquisition for Amazon, and the biggest US grocer MMA deal ever. Stay tuned for more information.
How Amazon is going to approach a business that is new to them will be interesting to see. Will the acquisition of the high end grocery chain’s distribution network benefit us all? Or will the experience of stepping into a Wholefoods chain forever? Will drones be taking off from the roofs of every wholefoods and deliver foods to our doorsteps? The next half year will be revealing and exciting to see where Amazon will go with this mega acquisition.