Retail industry news : Amazon set to acquire Whole Foods Market for $13.7bn

Retail industry news : Amazon set to acquire Whole Foods Market for $13.7bn

In a massive retail acquisition deal, E-commerce giant Amazon has announced that it will acquire American supermarket chain Whole Foods Market for approximately $13.7 billion. According to the latest retail news, the two parties have signed a definitive merger agreement in this regard with Amazon agreeing to offer $42 per share to the stakeholders of […]

Amazon Souq acquisition : US online retail giant to buy Middle East online shopping site

Amazon Souq acquisition : US online retail giant to buy Middle East online shopping site

Amazon Souq acquisition news : Ending days of speculation, e-commerce giant Amazon has finally announced its acquisition of Souq.com, a well-known online retailer in the Arab World. Amazon Souq Acquisition Details While the acquisition price agreed by the parties hasn’t been revealed, one suspects it could be over the $800 million that was offered by […]

Amazon launches Global Store for Indian customers

Amazon launches Global Store for Indian customers

Online retail giant Amazon has launched ‘Global Store’ in India through which customers can buy products sold on the Amazon US website and pay for them in INR. This move from Amazon is considered to be directed against its rival in India – Flipkart which has been leading the Indian e-commerce segment. With the Amazon […]

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