SEATTLE and AUSTIN, TX—Marking its biggest foray intobrick-and-mortar retail yet, Amazon is acquiring natural grocerychain Whole Foods Market in an all-cash transaction. The dealannounced Friday morning is valued at approximately $13.7 billion,including the assumption of debt.
“Millions of people love Whole Foods Market because they offerthe best natural and organic foods, and they make it fun to eathealthy,” says Jeff Bezos, Amazon founder and CEO. “Whole FoodsMarket has been satisfying, delighting and nourishing customers fornearly four decades—they're doing an amazing job and we want thatto continue.”
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Paul Bubny
Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
