Amazon has just bought Whole Foods Market , the largest supermarket chain of reference for organic and natural products. As the chain itself announced on its website , Amazon will cover the supermarket chain’s debt and buy its shares at $ 42 per share, paying a total of $ 13.7 billion for the operation.
The green product chain will continue to operate under the name Whole Foods Market , and will also keep its trusted suppliers and partners around the world. John Mackey will remain CEO, and his headquarters will remain in Texas.
“Millions of people love Whole Foods because they offer the best natural and organic foods and make it fun to eat healthy,” said Jeff Bezos , Amazon’s founder and CEO in a statement. “Whole Foods Market has satisfied, delighted and nurtured our customers for almost four decades, they are doing an incredible job and we want it to continue.”
“This partnership presents an opportunity to maximize the value of Whole Foods market shares while at the same time extending our mission and providing the highest quality, experience, convenience, and innovation to our customers,” said John Mackey, CEO of the company.
Whole Foods Market was born in September 1980 and is dedicated to the sale of natural and organic foods. It not only operates in the United States, but also in countries like Canada and the United Kingdom. The chain is not in its best moment, since its shares accumulate declines of 3.6% during the last months due to the fall in sales suffered by its supermarkets.
The big buy of Amazon are supermarkets
This is a capital operation in which the online commerce giant is going to stay with who is perhaps the biggest ecological supermarket giant. Of course, the transaction is still subject to approval by the shareholders of Whole Foods Market , as well as to regulatory approvals and other usual conditions in this type of operations.
Both companies expect to close the operation during the second half of this year 2017 . It will then be confirmed a movement with which Amazon will greatly increase its presence in the sector of the physical establishments. A sector that has between eyebrow and eyebrow with the opening of physical libraries and experiments such as the Amazon Go automated supermarket .