Online retailer Amazon announced today that it is planning to purchase Whole Foods Market for $13.7 billion by the end of 2017.
Whole Foods will continue to operate under the Whole Foods name and John Mackey will stay on as CEO of Whole Foods Market. Their headquarters will remain in Austin, Texas, according to their press release.
“Millions of people love Whole Foods Market because they offer the best natural and organic foods, and they make it fun to eat healthy,” said Jeff Bezos, Amazon founder and CEO. “Whole Foods Market has been satisfying, delighting and nourishing customers for nearly four decades – they’re doing an amazing job and we want that to continue.”
“This partnership presents an opportunity to maximize value for Whole Foods Market’s shareholders, while at the same time extending our mission and bringing the highest quality, experience, convenience and innovation to our customers,” said John Mackey, Whole Foods Market co-founder and CEO.