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On June 15, 2017, Amazon announced it would acquire Whole Foods Market, [57] [58] adding some 400 physical stores to Amazon's e-commerce assets. [59] The purchase was valued at $13.7 billion and caused Whole Foods's stock price to soar after the announcement was made.
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 billion on June 16, 2017.
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.
Whole Foods Market's CEO says shopping at the grocer twice a day has helped him grow as a leader. ... Amazon purchased the organic grocery chain for $13.7 billion in 2017.
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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.
Whole Foods Market is an American supermarket chain exclusively featuring foods without artificial preservatives, colors, flavors, sweeteners, and hydrogenated fats. [110] Amazon acquired Whole Foods for $13.7 billion in August 2017.
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