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Amazon purchased Whole Foods for $13.7 Billion

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Scot said:
Story is here Amazon is buying Whole Foods for $13.7 billion

Amazon has been trying to get into the grocery sector for a while with Amazon Fresh. Now they've definitely taken a huge leap ahead by acquiring Whole Foods.

Supposedly, Whole Foods will continue to operate business as usual under the and brand and same stores.

I think this is an interesting move for two reasons.

Amazon who has been dominating ecommerce and putting many B&M out of business, is now making a huge investment into B&M.

Amazon has wanted to get into grocery for a while. I think they'll start to use Whole Foods as part of their logistics chain to make that a reality. Was the purchase made for the brand or for its infrastructure?
Click to expand...

Futures look good!!!
 
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unaided said:
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