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The history of Amazon and Whole Foods' sometimes-rocky marriage, which kicked off 5 years ago with a $13.7 billion acquisition
The history of Amazon and Whole Foods' sometimes-rocky marriage, which kicked off 5 years ago with a $13.7 billion acquisition
Áine CainAug 27, 2022, 18:13 IST
Amazon bought Whole Foods Market for $13.7 billion in 2017.Gabe Ginsberg/SOPA Images/LightRocket via Getty Images and Steve Russell/Toronto Star via Getty Images
Amazon bought Whole Foods Market for $13.7 billion in 2017.
Whole Foods was driven to Amazon over hostile-takeover concerns.
Amazon bought Whole Foods Market for $13.7 billion on August 24, 2017.
It was a much-talked about match that shook the world of retail. The deal saw an online powerhouse acquire a beloved organic grocer. It also marked a massive foray into the realm of brick-and-mortar grocery for Amazon.
For Whole Foods, the acquisition brought about some cultural shifts within the stores. And for Amazon, the purchase of a prominent national grocer proved to be a major experiment in the brick-and-mortar space.
Since then, the relationship has endured, despite some rocky adjustments.
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Whole Foods traces its roots back to Texas.
John Mackey, right, with Whole Foods employee David Matthis at the opening of a Houston store in 1984.Whole Foods
Whole Foods Market grew rapidly.
A person shops at a Whole Foods grocery store in the Manhattan borough of New York City, New York, U.S., March 10, 2022.Carlo Allegri/Reuters
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Meanwhile, Amazon came along in the early 1990s.
An Amazon package.Clodagh Kilcoyne/File Photo/Reuters
Over the decades, Amazon grew to become an e-commerce behemoth.
Amazon packages.Clodagh Kilcoyne/Reuters
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In 2017, Whole Foods ran into trouble.
Whole Foods founder John Mackey.Mark Wilson/Getty Images
But Whole Foods couldn't find a buyer.
Warren Buffett speaks onstage during Fortune's Most Powerful Women Summit at the Mandarin Oriental Hotel on October 13, 2015 in Washington, DC.Paul Morigi/Getty Images
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Then, Mackey called on Amazon.
Amazon founder Jeff Bezos.Kevin Mazur/Getty Images for DJ
The partnership has hit some snags, however.
Whole Foods in Washington DC at Glover Park.Taylor Rains/Insider
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Some say the feel of Whole Foods stores have changed …
Smith Collection/Gado/Getty Images
The purchase has also led to a culture shift at the grocery chain.
A Whole Foods employee stocks produce at a California store.Smith Collection/Gado/Getty Images
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But Whole Foods remains Amazon's most successful brick-and-mortar venture.
Amazon has shuttered dozens of its '4-star' stores.Dan Kitwood/Getty Images
Amazon appears to be rethinking its approach to physical stores.
Inside an Amazon Fresh location.Grace Dean/Insider
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In the five years that have passed since Amazon's acquisition of Whole Foods, much has changed.
A Whole Foods in New York CityNoam Galai/Contributor