Online giant Amazon a set to shakeup the food market with the $13.7 billion acquisition of US company Whole Foods. This is a potential game changer for the industry although there is speculation that Walmart could come forward with a counter offer as all attention focuses on the US food industry. Some analysts have already downgraded other food retailers and food companies despite the fact that the Amazon bid has not yet been accepted by shareholders. Read full article here
Totally agree - Amazon can use this business model in almost any sector. Are the big boys such as Nike now coming to heel? Have they given up fighting Amazon?
