Earlier this month Amazon.com announced its acquisition of American supermarket chain Whole Foods.
It will pay $13.7 billion - a 27% premium – in cash.
This is the biggest transaction ever for Amazon.
At the conclusion of the deal, Whole Foods will become a subsidiary of Amazon, thereby massively expanding the internet giant’s presence as a physical retailer.
What can small business owners learn from this tie-up between two, seemingly, very different businesses?
Phitidis presented the Amazon/Whole Foods story as inspiration for the entrepreneur wishing to build a business in a traditional industry that races ahead of established competitors.
Listen to the interview in the audio below (and/or scroll down for quotes from it).
Reinvest the money you make during the year and avoid paying tax.— Pavlo Phitids, Aurik Business Accelerator
Whole Foods has a horrible checkout process!— Pavlo Phitids, Aurik Business Accelerator
Perhaps Bezos sees this as something bigger than himself.— Pavlo Phitids, Aurik Business Accelerator
The one thing that has defined Amazon is the fact that it is a data business more than anything else.— Pavlo Phitids, Aurik Business Accelerator
Real-world retail will have significance for a long time.— Pavlo Phitids, Aurik Business Accelerator
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