Amazon Acquired Whole Foods | On This Day

Back in this day in history, all the way back in 2017. That was when Amazon stunned investors with an almost $14 billion deal to buy Whole Foods. That announcement sent shockwaves across the industry.Shares of grocery chains like Kroger and SUPERVALU plunged as much as 20%. Investors really pondering what a cutthroat price competitor like Amazon would mean for an already cutthroat, low margin world of groceries. Broadline retailers like Target Slid and even real estate companies like PIMCO sold off.Now, whi ...