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Amazon to buy Whole Foods Market for $13.7 bn
Economics

Amazon to buy Whole Foods Market for $13.7 bn

16.06.2017 From our online archive
The deal is expected to close in the second half of 2017.

(AFP) Amazon reached an agreement to acquire upscale US grocer Whole Foods Market for $13.7 billion (€12.3 billion), including debt, the companies announced Friday.

Whole Foods, which has faced pressure from activist investors, will continue to operate stores under its brand and will be led by co-founder and chief executive John Mackey, the companies said.

The deal is expected to close in the second half of 2017.