Whole Foods Market

Amazon is Buying Whole Foods

Not content with its monopolistic aims in online retail, Amazon is making a huge foray into the brick-and-mortar grocery business with a $13.4 billion agreement to buy upmarket chain Whole Foods, which has more than 460 stores. In addition to leverage in one of the few areas not well-served by the Internet, the acquisition may allow Amazon to set up urban staging areas for rapid delivery of other products. Although Amazon has not yet cornered the grocery market, some pundits are arguing that anti-trust regulations should block the deal, as it will allow Amazon to leverage it’s already-massive advantage into yet another category. Amazon has a history of anti-competitive and anti-labor practices. —ML

Photo: iStock.com / krblokhin

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