LONDON--(BUSINESS WIRE)--Online retail giant Amazon just announced its latest purchase of Whole Foods for a staggering US$13.7 billion, posing the largest acquisition deal for Amazon to date. The announcement of this acquisition, not only sends Whole Foods’ and Amazon’s stock shares shooting upwards, but it also sets to generate immense impact for the global food and beverage industry.
In a recent article titled Amazon Acquiring Whole Foods at $42 a Share, BizVibe takes a look at the major impact Amazon's acquisition of Whole Foods will have on food and beverage business.
BizVibe notes that the acquisition marks Amazon’s latest venture into the grocery and food retailing business, after its ‘Grocery & Gourmet’ segment, AmazonFresh grocery delivery services and Amazon Pantry in certain regions.
The news of this acquisition has already lowered stocks for several major grocery retailers, including Kroger, Walmart, and Costco, whose shares were down by 13.76%, 6.1% and 6.3% respectively after the announcement. What the future once held for both online and physical grocery retailers is sure to be transformed because of this impressive push into the market by Amazon.
BizVibe is home to over 254,000 food and beverage companies in the world across various sectors including food and beverage processing, storage, packaging, and more. Using BizVibe’s platform, users can generate leads, shortlist prospects, network with businesses from around the world, and trade seamlessly.
In addition to food and beverage companies, BizVibe is home to more than 7 million companies. The BizVibe platform allows you to discover the highest quality leads and make meaningful connections with companies of interest, all in real-time. Claim your company profile for free and let BizVibe connect you with potential business partners.
About BizVibe
The single-minded focus of BizVibe’s platform is to make networking easier. Over the years, we've searched far and wide to figure out how businesses connect and enable trade. That first interaction is usually fraught with the uncertainty of finding a potential partner vs. a potential nightmare. With this in mind, we've designed a robust set of tools to help companies generate leads, shortlist prospects, network with businesses from around the world and trade seamlessly.
BizVibe is headquartered in Toronto, and has offices in London, Bangalore and Beijing. For more information on the BizVibe network, please contact us.
