Amazon buys Whole Foods for $13.7 billion

Amazon buys Whole Foods for $13.7 billion

The online retail giant now has claim to over 460 grocery stores.

June 19, 2017
Washington Post
Consumer Watch

Amazon.com jolted the grocery industry Friday when it announced plans to buy Whole Foods Market, introducing new uncertainty to a sector already struggling to keep up with growing competition.

The $13.7 billion deal heightens a years-long battle between Amazon, the Internet darling, and powerhouse merchants such as Walmart, which recently beefed up its online operations with a $3.3 billion purchase of an Amazon competitor.

Now Seattle-based Amazon — which for years has been testing grocery innovations in quiet corners — could lay claim to a fleet of more than 460 stores throughout the United States, Canada and Britain.

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