Amazon announced what is by far its largest acquisition ever today: a $13.7 billion deal to buy Whole Foods, the popular, pricey, and frequently organic grocery chain. That’s more than 10 times what Amazon paid for Zappos, its prior top acquisition, in 2009. It underscores just to how seriously Amazon values its future role in the grocery business.
By purchasing Whole Foods, Amazon buys its way into a business it’s long been trying to crack, sets itself in a much stronger position for online grocery sales, and acquires 460-plus retail stores that can be used for an assortment of operational purchases, from holding delivery lockers to becoming distribution centers for food deliveries.
The grocery business is a more than $600 billion a...
from
https://www.theverge.com/2017/6/16/15816304/amazon-whole-foods-acquisition-business-analysis
from
http://ifeeltechinc.blogspot.com/2017/06/groceries-are-last-hurdle-in-amazons.html
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