Exclusive news and research on the wine, spirits and beer business

Amazon’s Whole Foods Deal Gains Clearance From Shareholders, FTC

August 24, 2017

Amazon’s pending $13.7 billion acquisition of Whole Foods has been approved by both Whole Foods shareholders and the Federal Trade Commission, and is on track to close before the end of the year. Originally announced in June, the deal will see Amazon markedly expand its brick-and-mortar presence across the U.S., and also gain footholds in Canada and the U.K. Whole Foods operates about 460 stores across those three markets. The acquisition will allow Amazon to rapidly scale up its presence in both groceries and beverage alcohol, further intensifying the already competitive environment for national brick-and-mortar retailers like Kroger, Walmart, Target and others. —Daniel Marsteller

Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.

Tagged : ,

Get your first look at 2018 data and 2019 projections for the wine and spirits industries. Order your 2019 Impact Databank Reports. Click here.

Previous :  Next :