As the grocery segment heats up against the backdrop of a price war competition, online behemoth Amazon dropped a bomb on the industry just four days ago: It acquired Whole Foods in an all-cash transaction valued at approximately $13.7 billion, including Whole Foods Market’s net debt.
This not only could shake up the grocery industry but the customer loyalty industry itself.
“Millions of people love Whole Foods Market because they offer the best natural and organic foods, and they make it fun to eat....