Whole Foods’ shareholders back Amazon takeover plan

Daniel Domberger | Aug 2017

Amazon's acquisition of Whole Foods, Amazon takeover plan, image Photo: Whole Foods Market®

Last week, the news broke that Whole Foods’ shareholders had backed an Amazon takeover plan. The internet retail giant’s bid was placed at £10.8bn and, providing it has competition watchdog approval, will see Whole Foods’ physical presence come under Amazon’s global e-commerce influence. 

Daniel Domberger argues that this significant landmark has much wider implications, conforming to the global trend of delivery companies aligning themselves with grocery stores to maximise profits. Going forward, he suggests, we may find more key players in the gig economy arena aiming to gain physical store presence.

Read Daniel’s comments on the wider context of this deal in International Business Times here.

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Insight

Amazon’s acquisition of Whole Foods: what the experts say

Harsha Wickremasinghe, Associate on Livingstone’s Consumer Team was quoted this week in Retail Week following the announcement that Amazon is planning to acquire Whole Foods, a grocery store chain, in a deal valued at $13.7 billion.
In The Press
Consumer
Jun 2017