Amazon snaps up Whole Foods

摘要

Amazon has bought organic grocery chain Whole Foods for $13.7 billion, marking its biggest push yet into traditional retail.The deal is also the heftiest in Amazon's history, driving Whole Foods' share price 29% higher on the day, and sending Shockwaves through the market. Founded in Texas in 1978, the high-end supermarket pioneered the trend for natural, healthy foods. It now has 460 stores across the US, Canada and the UK. Recently, it has been under increased pressure from rival stores and falling sales.