Amazon warehouse

Whole Foods, Amazon deal approved as Walmart makes power play

Amazon to begin lowering prices on day one.

Whole Foods Market and Amazon announced Aug. 24 that their $13.7 billion deal will close Aug. 28 after receiving approval by both Whole Foods shareholders and the U.S. Federal Trade Commission (FTC). There has been a lot of speculation surrounding what the future could look like for the combination and how this could affect the food and grocery sector, more specifically retail giant Walmart, but some of the blueprint was unveiled this week when Amazon said it, along with Whole Foods, will

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TAGS: Business
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