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General

Amazon buys Whole Foods supermarket chain for USD 13.7 bln

Monday 19 June 2017 | 09:33 CET | News
Amazon announced an agreement to buy the US supermarket chain Whole Foods Market for USD 13.7 billion including debt. Based in Austin, Texas, Whole Foods focuses on organic food and operates 465 stores in North America and the UK. Amazon said the company will continue to work under the Whole Foods brand and with the same suppliers. John Mackey will remain as CEO of the group. Completion of the transaction still requires approval by Whole Foods shareholders and regulators. Amazon aims to close the deal during the second half of 2017.

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Categories: General
Companies: Amazon
Countries: United States
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