John Mackey
Whole Foods Shelves Its 365 Store Concept
After two and a half years of testing the concept, the company has decided to leave it behind—though the 12 existing locations will stay open, according to Fortune. Internal emails from John Mackey, the CEO and co-founder of Texas-based Whole Foods, stated that the 365 concept is no longer needed because Seattle-based Amazon’s ownership of […]
Amazon Begins Grocery Delivery from Whole Foods Market
Amazon (Seattle, WA) and Whole Foods Market (Austin, TX) announced the introduction of free two-hour delivery of natural and organic products from Whole Foods Market through Prime Now, with plans to expand across the U.S. in 2018. Starting February 8, Prime customers in neighborhoods of Austin, TX, Cincinnati, OH, Dallas, TX and Virginia Beach, VA can shop through Prime […]
Natural Industry Primes for Amazon
By Janet Poveromo On June 16, Amazon announced its plan to acquire Whole Foods for $42 a share, in a deal valued at $13.7 billion. Whole Foods’ John Mackey will remain CEO of the grocery store chain and the deal is expected to close in the second half of the year. The news sent shock […]
Amazon to Acquire Whole Foods for $13.7 Billion
According to Bloomberg, Amazon.com Inc. (Washington) will acquire Whole Foods Market Inc. (Texas) for $13.7 billion, a deal that catapults the e-commerce giant into the supermarket business with hundreds of stores across the U.S. Amazon agreed to pay $42 a share in cash for the organic-food chain, including debt, a roughly 27 percent premium to the stock price […]
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