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Amazon's $13.7-bn takeover of Whole Foods sends shockwaves across Europe

Amazon has already been expanding its Fresh grocery delivery business in European cities

Reuters  |  London/Amsterdam 

Amazon.com Inc's $14 billion takeover of Whole Foods Market sent shockwaves across the Atlantic on Friday as investors weighed the implications for Europe's supermarkets from an accelerated push by the e-commerce juggernaut into traditional food retail. Amazon has already been expanding its Fresh grocery delivery business in European cities such as London and Berlin, but its purchase of a bricks-and-mortar supermarket chain, even one as small in Europe and high-end as Whole Foods, raises the prospect of tougher competition and more acquisitions. "To hear that ...

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First Published: Sat, June 17 2017. 01:17 IST
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