Home / Centerstage / 2017 / june / Week 2 /
Amazon acquires Whole Foods in a $13.7 billion deal, marking its largest venture into traditional retailing. Amazon's purchase of the upscale supermarket is valued at $42 per share. The announcement causes significant disruptions in the industry, leading to a decline in share prices for rival grocers. Whole Foods, known for its focus on natural and organic products, sees a boost in its stock following the deal.
Thursday, 15 June, 2017