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John Mackey, the last remaining co-founder of Whole Foods Market, sold the company to Amazon for $13.7 billion on August 28, 2017. [8] As of March 4, 2019 [update] , Whole Foods has more than 500 stores in North America and seven in the United Kingdom.
Starting in 2011, Amazon began shifting its focus to buying technology startups to develop and improve Amazon Echo and grow its Amazon Web Services division. Amazon has diversified its acquisition portfolio into several market sectors, with its largest acquisition being the purchase of the grocery store chain Whole Foods Market for $13.7 ...
Whole Foods Market store in Ann Arbor, Michigan. Whole Foods Market is an American supermarket chain exclusively featuring foods without artificial preservatives, colors, flavors, sweeteners, and hydrogenated fats. [117] Amazon acquired Whole Foods for $13.7 billion in August 2017. [118] [119] [8]
Amazon's deal to acquire Whole Foods isn't a done deal yet. There's a chance Walmart could trump Amazon's $13.7 billion offer, according to JPMorgan.
Costco's revenue rose 17% in fiscal 2021 (which ended in August 2021) as the pandemic drove more people to stock up on packaged foods and household goods. Its revenue grew another 16% in fiscal ...
In June 2017, Amazon announced that it would acquire Whole Foods, a high-end supermarket chain with over 400 stores, for $13.4 billion. [29] [30] The acquisition was seen by media experts as a move to strengthen its physical holdings and challenge Walmart's supremacy as a brick and mortar retailer.
Become an Amazon Prime Member. You can still shop at Whole Foods if you’re not an Amazon Prime member, but you won’t be privy to receiving any Prime member specific grocery discounts.
Amazon Fresh operates independently of Whole Foods Market, which is also owned by Amazon. They have separate facilities and separate inventories that they sell. Market research from Amazon shows that customers at Amazon Fresh tend to have lower incomes and are more likely to be Hispanic or particularly Asian than customers of Whole Foods. [30]