Amazon buying Whole Foods in $13.7 billion deal

Amazon is shopping for Entire Meals in a $thirteen.7B deal.

“Tens of millions of individuals love Entire Meals Market as a result of they provide the most effective pure and natural meals, they usually make it enjoyable to eat wholesome,” stated CEO Jeff Bezos. “Entire Meals Market has been satisfying, delighting and nourishing clients for almost 4 many years – they’re doing a tremendous job and we would like that to proceed.”

Earlier this week, the corporate introduced that it plans to construct a brand new facility in Colorado that may make use of greater than 1,500 full-time staff.

The constructing’s footprint will probably be 855,000 sq. ft, however with three tales, the constructing could have a complete of two.four million sq. ft inside.

“Entire Meals Market will proceed to function shops beneath the Entire Meals Market model and supply from trusted distributors and companions all over the world,” Amazon stated in a press launch.

John Mackey will keep his place as CEO of Entire Meals Market and the well being meals chain’s headquarters will stay in Austin, Texas.

The events anticipate to shut the deal in the course of the second half of 2017.

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