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The Backstory of Amazon Buying Whole Foods

Discussion in 'Article Discussion' started by Melody Bot, Jun 19, 2017.

  1. Melody Bot

    Your friendly little forum bot. Staff Member

    This article has been imported from chorus.fm for discussion. All of the forum rules still apply.

    Texas Monthly:


    As he stepped off the American Airlines flight at JFK (Whole Foods doesn’t own a jet, and Mackey flies coach), his phone lit up with urgent text messages and voice mails. A hedge fund in New York called Jana Partners had snatched up almost 9 percent of Whole Foods’ stock and announced that it would pressure the company to either overhaul its business or sell itself—perhaps to another grocery giant, such as Kroger, or to a less traditional player, such as Amazon. Mackey and other leaders might have to be replaced. A media frenzy ensued, and the PR team who had carefully staged what should have been a traveling celebration of their boss as a thought leader shifted into immediate crisis mode.

    “From that moment on, I was drowning in it,” Mackey says.

    This whole story reads like an episode of Billions. Fascinating stuff.

     
  2. Ryan

    Might be Spider-Man...

    So Amazon is almost certain to overhaul the "Whole paycheck" identity that's plagued Whole Foods then.