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Amazon Takeover Of Whole Foods Gets Key Federal Approval

Whole Foods stores are set to be taken over by Amazon after this year, after their partnership understanding got FTC approval.

Timothy A. Clary/AFP/Getty Images


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Timothy A. Clary/AFP/Getty Images

Whole Foods stores are set to be taken over by Amazon after this year, after their partnership understanding got FTC approval.

Timothy A. Clary/AFP/Getty Images

Amazon’s squeeze of Whole Foods is another step closer to reality, after a Federal Trade Commission motionless a grocery understanding would not bushel foe or yield an astray advantage.

The capitulation came on Wednesday — a same day shareholders of a Whole Foods sequence authorized a $13.7 billion understanding that would make Amazon a bigger actor in a grocery business. Whole Foods, that non-stop a initial store in Austin, Texas, behind in 1980, now has 470 stores in North America and a U.K.

The Amazon-Whole Foods partnership is approaching to tighten during a second half of 2017.

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“Based on a examination we have motionless not to pursue this matter further,” pronounced Bruce Hoffman, behaving executive of a FTC’s Bureau of Competition. “Of course, a FTC always has a ability to examine anti-competitive control should such movement be warranted.”

Large mergers are theme to examination by a FTC and a Justice Department; a examination is routinely rubbed by usually one of a agencies, formed on that group has a many imagination in a attention involved.

As Amazon skeleton to acquire hundreds of brick-and-mortar stores, Walmart and Google have announced their plan to contest with a sell hulk online. Shoppers will shortly be means to entrance Walmart’s register by a Google Express web apparatus — and, identical to Amazon’s Alexa service, by Google’s Assistant app and Home intelligent speaker.

Whole Foods has also been operative to variegate a offerings. The sequence has now non-stop 5 of a Market 365 spinoff stores, betting that smaller stores with some-more affordable prices competence attract millennial shoppers.