Amazon moves into produce retailing with Whole Foods purchase

Online retail giant Amazon has bought US-based organic produce retailer Whole Foods Market for $13.7 billion (£10.7bn).

Image: Whole Foods Market
Image: Whole Foods Market

Whole Foods Market co-founder and CEO John Mackey said: "This partnership presents an opportunity to maximize value for Whole Foods Market’s shareholders, while at the same time extending our mission and bringing the highest quality, experience, convenience and innovation to our customers."

The Texas-headquartered company will continue to operate stores under the Whole Foods Market with Mackey as CEO. It has more than 450 stores in North America and nine in the UK, all but two in London.


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