News

Amazon Buys Whole Foods for $13.7 Billion

The major online retailer plans to keep Whole Foods' core values intact and vegan CEO John Mackey on board after the merger.

Online retail giant Amazon announced that it intends to acquire supermarket chain Whole Foods Market for approximately $13.7 billion (or $42 per share). “Millions of people love Whole Foods Market because they offer the best natural and organic foods, and they make it fun to eat healthy,” Amazon founder Jeff Bezos said. “Whole Foods Market has been satisfying, delighting, and nourishing customers for nearly four decades—they’re doing an amazing job and we want that to continue.” Whole Foods will continue to be headquartered in Austin, TX and long-time vegan John Mackey will retain his position as CEO. “This partnership presents an opportunity to maximize value for Whole Foods Market’s shareholders,” Mackey said, “while at the same time extending our mission and bringing the highest quality, experience, convenience and innovation to our customers.” In recent years, the supermarket chain has explored several concepts to remain relevant to consumers, including the launch of affordable outlet 365 by Whole Foods Market and partnerships with vegan restaurants—such as by CHLOE and Next Level Burger—that are operating in-store cafés. The merger is pending approval from Whole Foods shareholders.

More News

Memphis Meats Raises $17 Million from Major Investors

The "clean" meat company is now backed by animal-agriculture giant Cargill, business magnate Richard Branson, billionaire Bill Gates, and Kimbal Musk.
Read More »

Peet's Debuts Vegan-Friendly Pumpkin Spice Latte

The major coffee chain adds coconut milk and coconut whipped cream to its permanent menu in time for the fall pumpkin craze.
Read More »

Stevie Wonder-Inspired Vegan Salad Bar Hits Seattle

Seattle's Plum Bistro empire owner Makini Howell creates new salads inspired by the time she spent touring with Stevie Wonder.
Read More »

Major Australian Dairy Brand's Sales Drop 22 Percent

The continent's biggest dairy company Murray Goulburn is closing facilities and cutting out product lines as Australians consume less milk.
Read More »

Ben & Jerry's Asks Fans to Pick New Vegan Flavor

The ice cream giant is crowdsourcing its next non-dairy flavor to add to its seven-pint line.
Read More »

This Week on VegNews TV: The secret to these delightful sweet treats is white beans! Aylin Erman shows you how to make these simple blondies.

More Videos »