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Conglomerates didn't die. They look like Amazon now

Amazon buying Whole Foods for $13.4 billion is evidence of how conglomerates continue to exist

Andrew Ross Sorkin | NYT 

The conglomerate was supposed to be dead, a relic of a bygone of era of corporate America. Investors, we have been repeatedly told, want smaller, nimbler, more focused companies. And yet there is Amazon. Just when it seemed that sprawling empire building had gone out of vogue — eulogies were written last week for General Electric after Jeffrey Immelt, its chief executive, retired under pressure from shareholders — Amazon announced that it was buying Whole Foods for $13.4 billion. The deal will put Amazon in the brick-and-mortar grocery store business, which will exist alongside ...

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First Published: Tue, June 20 2017. 22:38 IST