Online retail giant, Amazon has announced that it is buying organic grocery store, Whole Foods for $13.7 billion, the retailer’s largest acquisition so far.
In buying Whole Foods, Amazon is now in charge of more than 450 physical stores in choice retail locations and opens the way for it to take control of a grocery market it has been eyeing for years.
According to reports, Amazon disclosed that Whole Foods stores will continue to operate independently under that name as a separate unit of the company. Whole Foods CEO John Mackey will stay on as CEO.
Jeff Bezos, the founder, and CEO pf Amazon said in a statement: “Millions of people love Whole Foods Market because they offer the best natural and organic foods, and they make it fun to eat healthy.”
On his part, John Mackey, co-founder, and CEO of Whole Foods said: “This partnership presents an opportunity to maximize value for Whole Foods Market’s shareholders, while at the same time extending our mission and bringing the highest quality, experience, convenience, and innovation to our customers.”
The company now has about 87,000 employees and more than 460 stores in the US, UK, and Canada.
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