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

Natalie Portman Urges Award Show Attendees to Go Vegan

The vegan actress delivered a moving award-acceptance speech urging everyone to consider a plant-based diet.
Read More »

Vegan Chocolate Hummus Raises $600K on Shark Tank

Venture capitalist Mark Cuban commits more than half a million dollars in exchange for 25 percent equity in vegan startup Delighted by Hummus.
Read More »

Cadbury Heir Launches Vegan Avocado Chocolate Bar

James Cadbury—of the family behind chocolate brand Cadbury—creates the first avocado-based chocolate bar sans animal products.
Read More »

Meat-Free Apartment Complex to Open in Russia

Veda Village—a smoke-, alcohol-, and meat-free complex—aims to be the first of its kind in Russia, and comes complete with a vegetarian restaurant.
Read More »

Vegan Chickpea Snack Brand Raises $10 Million

HIPPEAS receives a large capital injection to continue expansion of its vegan snack 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 »