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Bezos's grocery 'Waterloo' is now his biggest opportunity

Amazon has been laying groundwork to take over a grocery chain

Brad Stone | Bloomberg 

Two years ago, speaking at a conference table at his offices in Austin, Texas, Whole Foods Market founder and then co-Chief Executive Officer John Mackey predicted imminent doom for rival in the fiercely competitive grocery business. “Amazon Fresh is their Waterloo,” said Mackey, known paradoxically both for his earthy passion for organic foods and his imperious business swagger. “What’s the one thing people want? Convenience. You can’t do that with distribution centres and trucks.” Mackey got one thing right: Years ago Amazon realised ...

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First Published: Sat, June 17 2017. 22:41 IST