Whole Foods would continue to operate stores under its brand
Amazon-Whole Foods Deal: 3 Things to Know
Amazon’s $13.7 billion acquisition of Whole Foods Markets makes the online retailer a major player in the grocery sector. WSJ’s Tanya Rivero outlines three things to know about the deal. Photo: Zuma Press
Amazon.com Inc. said on Friday it would buy Whole Foods Market Inc. for $13.7 billion, including debt, instantly transforming the online giant into a major player in the bricks-and-mortar retail sector it has spent years upending.
The acquisition, Amazon’s largest by far, gives it a network of more than 460 stores that could serve as beachheads for in-store pickup and its distribution network. It would make Amazon an overnight heavyweight in the all-important grocery business, a major spending segment in which it has struggled to gain a foothold because consumers still largely prefer to shop for food in stores.
The acquisition of Whole Foods would give Amazon a 460-store network that can also serve as a distribution network. Shown, an Austin, Texas, Whole Foods in 1981, the chain’s first location. Photo: Austin American Statesman/Associated Press
In its drive to conquer consumer spending, Amazon has ventured far from its roots as an online book seller. It is developing its own delivery network, and has become a significant video content creator and cloud data service provider.