Amazon is a multinational technology company that focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It is one of the largest internet companies in the world.
Amazon has been making a number of acquisitions over the past few years to expand its business. One of the most significant acquisitions made by Amazon was the purchase of Whole Foods Market in 2017.
Whole Foods Market is an American supermarket chain that specializes in organic and natural foods. The company currently has over 500 stores in North America, South America, and Europe. Whole Foods Market has been a leader in organic and natural food retailing since 1980 and it is one of the most well-known grocery chains in the United States.
The acquisition of Whole Foods Market by Amazon was seen as a major move by Amazon into the grocery sector. The deal was valued at $13.7 billion and it marked Amazon’s first foray into physical retailing. With this acquisition, Amazon gained access to Whole Foods’ network of stores across the United States and abroad.
Since then, Amazon has made several changes to Whole Foods Market to make it more competitive with other grocery chains. These changes include lower prices on select items, improved customer service, and new delivery options through Amazon Prime Now. The company also recently announced plans to open small cashier-less stores called “Amazon Go” which will further expand its presence in physical retailing.
Conclusion:
Yes, Amazon does own Whole Foods Market after purchasing it for $13.7 billion in 2017. Since then they have made several changes to make Whole Foods more competitive with other grocery chains including lower prices on select items, improved customer service, and new delivery options through their Prime Now service.