Amazon's acquisition of Whole Foods will be completed on Monday

Aug 26, 2017, 01:17
Amazon's acquisition of Whole Foods will be completed on Monday

That's the same day the e-commerce company is expected to finalize its $13.7 billion acquisition of Whole Foods. CNET reports Amazon will immediately be lowering prices on a number of products at Whole Foods, including eggs, salmon, avocados, kale, ground beef, apples, rotisserie chicken, and almond butter.

Whole Foods is about to get a lot cheaper for Amazon Prime customers-as well as everybody else.

"Millions of people love Whole Foods Market because they offer the best natural and organic foods, and they make it fun to eat healthy", said Bezos at the time. "Whole Foods Market will offer lower prices starting Monday on a selection of best-selling grocery staples across its stores, with more to come", the company said in a statement.

Amazon announced that its acquisition of Whole Foods will be completed on Monday, just days after the deal received federal approval. But the big picture, she says, is less about growing Whole Foods' sales and more about increasing Amazon's presence in the real world.

"It's been our mission for 39 years at Whole Foods Market to bring the highest quality food to our customers", said John Mackey, Whole Foods Market co-founder and CEO.

Over time, Amazon said it will work to revamp Whole Foods' merchandising and logistics operations to further reduce prices for Whole Foods customers. "We can't wait to start showing customers what's possible when Whole Foods Market and Amazon innovate together".

In addition, Amazon and Whole Foods technology teams will begin to integrate Prime into Whole Foods' point-of-sale system.

The $13.7 billion deal received its de facto stamp of approval from the Federal Trade Commission on August 23. Once the closure happens, Amazon will kick off a round of changes that will blend the two worlds - that is, Amazon and Whole Foods - into a more unified product.

Plus, Whole Foods' private label products-365 Everyday Value, Whole Foods Market, Whole Paws, Whole Catch-will be available through Amazon.com, AmazonFresh, Prime Pantry, and Prime Now. As well, some Whole Foods stores will have Amazon Lockers installed, expanding the number of pick-up destinations where Amazon shoppers can retrieve their packages.

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