Takeover of organic food specialist marks new push into grocery market after launch of Fresh delivery service
Amazon, the world’s most powerful online retailer, has taken a giant stride into traditional retailing, spending $13.7bn (£10.7bn) to take over organic food chain Whole Foods Market.
The all-cash deal could be game-changing for the traditional supermarket business. Amazon has long had ambitions to move into the grocery business and launched its food delivery service, Fresh, in the US 10 years ago. It introduced the service in the UK last year after signing a wholesale deal with British supermarket Morrisons.