Amazon's acquisition of Whole Foods is 'a threat to everyone,' even restaurants

Amazon's acquisition of Whole Foods is 'a threat to everyone,' even restaurants

7 years ago
Anonymous $wKBR2uNMvM

https://www.cnbc.com/2017/08/24/amazons-acquisition-of-whole-foods-is-a-threat-to-everyone-even-restaurants.html

Amazon said Thursday that its $13.7 billion acquisition of Whole Foods would be complete on Monday. The news comes just a day after Whole Foods' shareholders gave the green light to the tech giant to acquire the grocer.

While much attention has been paid to how much retailers and grocery stores have to fear from the alliance between these two industry giants, restaurants won't see many aftershocks — at least in the near term.