Whole Foods to be sold to Amazon for $13.7B
According to a press release by Amazon this morning, they have entered into an agreement to acquire Whole Foods Market for $42 per share, valued at approximately $13.7 billion. Whole Foods Market was founded in 1978 in Austin Texas. Currently employing approximately 87,000 team members, Whole Foods Market has been ranked as one of the "100 Best Companies to Work For" in America by Fortune magazine for the past 20 years.
In Hawaii, Whole Foods Market is getting ready launch it's fourth location with a 50,000 sf flagship store at Ward Village in Kaka'ako. Slated to open in early 2018, this anchor tenant in the soon to be completed Ae'o condominium will be located on the corner of Kamakee and Queen Street, site of the former Office Depot and Nordstrom Rack.