Amazon to buy Whole Foods for $13.7bn

On the 16th June 2017, Amazon have announced that they will purchase Whole Foods for £13.7bn.

Whole Foods has more than 460 stores in US, Canada and the UK. Amazon founder and chief executive Jeff Bezos noted ‘Whole Foods Market has been satisfying, delighting and nourishing customers for nearly four decades – they’re doing an amazing job and we want to continue.’

The takeover deal is expected to be completed in the second half of the year.

Full article available at: http://www.bbc.co.uk/news/business

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