Grocers Keep Calm, Carry On After Whole Foods Deal

A Whole Foods Market in Folsom, CA. Recent press reports have suggested consumer dissatisfaction following Amazon’s acquisition of the specialty grocery chain. (Photo: Whole Foods Market)

NEW YORK CITY—Amazon’s June 16 announcement that it would purchase Whole Foods Market for $13.7 billion sent shudders through the grocery sector. Six months later, the shudders have largely subsided into a modern-day equivalent of the “keep calm and carry on” resoluteness that got wartime Londoners through Luftwaffe bombing runs on their city.

To continue reading, become a free ALM digital reader.
Benefits include:
Unlimited access to GlobeSt.com and other free ALM publications Access to 15 years of GlobeSt.com archives Your choice of GlobeSt.com digital newsletters and over 70 others from popular sister publications 5 free articles across the ALM subscription network every 30 days Exclusive discounts on ALM events and publications

*May exclude premium content

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group’s offices in New York City.

Source Article