Amazon to acquire Whole Foods in $13.7 billion deal

CFO South Africa 19 June 2017

In a deal that has sent shockwaves through both online and brick-and-mortar industries, Amazon.com has said it will acquire Whole Foods Market for $13.7 billion. According to Bloomberg, Amazon has agreed to pay $42 a share (in cash) for the organic-food chain.

Amazon CEO Jeff Bezos is world's second-richest person

While Whole Foods co-founder John Mackey (pictured) will continue to run the business as CEO, Amazon CEO Jeff Bezos intends to jump right in, tackling tech upgrades first, in a bid to boost Whole Foods' business.

According to reports, the takeover should be done by the second half of the year.

CFO South Africa

Photo Gallery: 13 May 2026, CFO Day, The Marriott, Johannesburg

13 May 2026

Modernising the office of finance: A practical guide to accelerating AI-driven transformation

OneStream is the only enterprise finance platform that seamlessly unifies all financial and operational data, embeds AI to boost productivity, and adapts to fit your unique needs. Microsoft Partner of the Year and five-time leader in the Gartner Magic Quadrant, we know that finance teams need AI powered by verified data and trusted sources, ensuring full transparency and security.

01 April 2026

Photo Gallery: 19 March 2026, CFO Dinner, Westcliff, Johannesburg

20 March 2026

Pragma CFO Morné van Tonder’s role is more than just facts and figures

Morné van Tonder is not only a highly skilled CFO, but someone who has navigated profound personal highs and lows. The depth of empathy, resilience and practical good sense in his leadership goes beyond the numbers to define international success for Pragma.

04 August 2025

Photo Gallery: 29 May 2025, CFO Day, The Marriott Hotel, Melrose Arch, Johannesburg

29 May 2025

Mr Price’s Praneel Nundkumar explains the rise of the commercial CFO

Praneel Nundkumar, group CFO for Mr Price, is a results-oriented finance leader who champions a ‘commercial CFO’ approach. He believes that finance leaders must transcend traditional roles and actively partner with CEOs to drive strategic business outcomes.

03 February 2025