Amazon
FTC Complaint Against Quincy Bioscience Dismissed
On September 29, Judge Louis Stanton of the U.S. District Court in the Southern District of New York dismissed the Federal Trade Commission (FTC) and the New York Attorney General’s (NYAG) complaint against Wisconsin-based Quincy Bioscience, the makers of Prevagen. In January, the FTC and the NYAG charged the marketers of the dietary supplement Prevagen with making ...
Amazon Deal for Whole Foods Wins Regulatory, Shareholder Approvals
On August 23, Washington-based Amazon.com, Inc. cleared two of the biggest hurdles it needed to close its $13.7 billion acquisition of Texas-based Whole Foods Market with approvals from a U.S. regulator and the grocery chain’s shareholders, according to Reuters. The U.S. Federal Trade Commission (FTC) said in a statement it would not pursue its investigation ...
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 ...
eCommerce Maintains Top Spot in Vitamin Category
Amazon, the online retail channel, is the top outlet for sales of vitamin, mineral and supplements (VMS), hitting $2 billion and surpassing Walmart’s vitamin sales of $1.7 billion in 2016, according to the 2016 TABS Analytics Vitamin and Minerals and Supplements Study. Vitamin specialty, which includes Vitamin Shoppe and GNC, ($1.5 billion); Costco ($1.3 billion); ...
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