Does Amazon Own Whole Foods?
Amazon and Whole Foods have been linked together since 2017, when Amazon announced its purchase of the organic grocery store chain with a bid of $13.7 billion. The acquisition was completed in August 2017 and has since seen Amazon take control of Whole Foods’ operations, including its branding and marketing. While the relationship between the two companies is close, it is not quite an ownership situation.
Whole Foods still exists as an independent entity with its own board of directors, management team and corporate structure. This means that Amazon does not technically own Whole Foods; rather, it has a controlling stake in the company. As a result, Amazon is able to exert considerable influence over the grocery chain’s operations without taking full ownership.
The arrangement between Amazon and Whole Foods has been beneficial for both parties. For Amazon, the acquisition has allowed it to expand its presence in the grocery sector and gain access to new markets. Meanwhile, Whole Foods has benefitted from increased exposure and access to Amazon’s vast resources.
While Amazon does not technically own Whole Foods, they have a controlling stake in the company which allows them to exercise considerable influence over its operations. The acquisition has proven beneficial for both companies, providing Amazon with access to new markets while giving Whole Foods increased exposure and access to resources.