Amazon buys supermarket chain Whole Foods

Amazon покупает сеть супермаркетов Whole Foods

The transaction value amounts to 13.7 billion dollars.

The world’s largest online retailer Amazon announced the purchase of the supermarket chain Whole Foods Market for 13.7 billion dollars. The company will pay for $ 42 for each share of Whole Foods Market, in the amount of the transaction included and the responsibility of the supermarket chain.

Amazon and Whole Foods hope to close the deal by the end of 2017.

As stated in the online retailer, Amazon is not planning any dramatic changes in the Whole Foods: stores will continue to operate under the same brand, and the CEO of the company will remain acting head John Maki.

Buying company Amazon networks Whole Foods that have not been considered obvious partners will be a major deal, combining online and offline retailers.

Network Whole Foods, which was under pressure from investors because of falling sales, the deal was a forced decision. In may, the company replaced the CFO, was also appointed the new members of the Board of Directors.

Network Whole Foods Market, founded in Texas in 1978, owns 460 supermarkets in the United States, Canada and the UK. Employing 87 thousand people. At the end of the financial year the company’s sales amounted to about $ 16 billion.

Amazon is the world’s largest online retailer. It works in the USA, Europe, Canada, China, India, Mexico, Japan and in other countries.

Note, until the end of 2017 Ukraine plans to launch Amazon.