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Whole Foods vs the activists

So, Amazon is acquiring high-end grocer Whole Foods for .7bn.From the press release:Whole Foods Market will continue to operate stores under the Whole Foods Market brand and source from trusted vendors and partners around the world. John Mackey will remain as CEO of Whole Foods Market and Whole Foods Market’s headquarters will stay in Austin, Texas.The pairing of high-tech retail killer and high-overhead premium grocer seems odd. So far, Amazon has only opened a few physical bookstores, which have not been terribly customer-friendly. The deal does, however, provide more confirmation that grocers are the next industry in the crosshairs of cost-cutting distribution specialists like Amazon and Wal-Mart, which bought last year.From RBC:This would be the largest acquisition Amazon

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Izabella Kaminska
Izabella Kaminska joined FT Alphaville in October 2008, which was, perhaps, the best time in the world to become a financial blogger. Before that she worked as a producer at CNBC, a natural gas reporter at Platts and an associate editor of BP’s internal magazine. She has also worked as a reporter on English language business papers in Poland and Azerbaijan and was a Reuters graduate trainee in 2004.

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