Watching Wall Street hammer major food-retailing stocks immediately after Amazon’s June announcement to buy Whole Foods Market, I can understand why you — an independent natural products retailer — may have felt a shiver down your spine. Since then, those grocery stocks have recovered most of their losses as investors...
NEW YORK — Jana Partners, the activist hedge fund that propelled Whole Foods Market into the arms of Amazon.com, has taken stakes in meal kit delivery company Blue Apron and natural foods grocer Sprouts Farmers Market. In a filing on Monday reported by Bloomberg, Jana Partners revealed it holds 600,000 shares,...
Phoenix, AZ — Sprouts Farmers Market will expand its relationship with Amazon Prime Now to more than 20 locations by the end of the year, ceo Amin Meredia announced during the Q2 earnings call where he reported strong quarterly sales of $1.2 billion, a 15% increase. Clearly the pending acquisition...
Austin, TX – Whole Foods Market reported record quarterly sales of $3.7 billion on Wednesday, and while comparable store sales decreased by 1.9%, that is an upward trend. Net income for the third quarter ending on July 2 was $106 million. On June 16, Amazon and Whole Foods Market announced...
San Diego, CA – Transaction activity in the Nutrition and Health & Wellness Industry increased 22%, with 436 deals in the first half of 2017, and shows no signs of slowing down, reports Nutrition Capital Network (NCN). The advisory firm’s transaction database revealed mergers and acquisitions were up 33% and...
I got an inside window to the state of school lunch earlier this year while spending time with Kindergarten and first grade students in an economically and culturally diverse community just outside New York City. Wearing my anthropologist researcher’s hat, I studied what came in and what went out. School...
Washington, D.C. — Rep. David Cillicine (D-R.I.), the top Democrat on the House subcommittee on regulatory reform, commercial and antitrust law wrote a letter to the House Judiciary Committee and the subcommittee chairman requesting an oversight hearing on Amazon’s $13.7 billion acquisition of Whole Foods Market. Cillicine voiced concern about...
Austin, TX -- A Whole Foods Market shareholder is seeking to block the $13.7 billion acquisition by Amazon through a federal lawsuit filed Thursday claiming the deal undervalues the grocer and did not disclose key information, reports 512tech.com Shareholder Robert Riegel filed the lawsuit in U.S. District Court for the...
Does Amazon care what it sells? Does Whole Foods Markets care what it sells? The opposing answers to these two questions—“No” and “Yes” respectively—are at the heart of the problem Amazon CEO, Jeff Bezos, now hopes to solve. Put another way, can Bezos make fresh, organic, free-range filet mignon behave...
One of the world’s leading online retailers, Amazon can now expand their reach with its purchase of Whole Foods Market for $13.7 billion. Many now wonder if this will possibly speed up a merging of the grocery and e-commerce industry. Amazon already has some experience in electronic grocery. AmazonFresh delivers...
