Amazon buying Whole Foods

Amazon Whole Foods

In yet another indication of the growing power of online over bricks and mortar, it was announced today that Amazon is buying buying Whole Foods in a deal worth about $13.7 billion. Only a month ago, problems started becoming evident that resulted in a board shake-up and the implementation of cost cutting measures due to falling sales.

What to expect next? Maybe ordering your groceries through Alexa and having them delivered by drone? Only time will tell, but the move provides further evidence of the tremendous shift from traditional sales channels to online.

About David Brown

David Brown is a serial entrepreneur, having started and operated several companies, both US-based and in the international market.He enjoys technology, travel, culture and of course, business. He in particular enjoys mentoring startup and early stage companies to help them grow and succeed. David continues to travel regularly to the UK and Europe but spends most of his time working with and managing a portfolio of websites owned by Jasmine Partners and by he and his wife, Arlene, personally. He is a Director of the Foynes Flying Boat and Maritime Museum in Foynes, Co Limerick, Ireland.