Founder and CEO John Mackey wrote about the merger in his new book "Conscious Leadership."
In his new book "Conscious Leadership," Mackey described the "whirlwind courtship" that precipitated his company's estimated $13.7 billion sale to Amazon. With many Whole Foods Market employees and customers complaining about thebrought about by the chain's e-commerce parent company, the grocery CEO's account provides more insight into the decision-making that went into the 2017 acquisition that shook the retail world.
Mackey wrote that he felt his company was facing an "existential crisis." A takeover by activist investors, in Mackey's opinion, could mean sacrificing the grocer's unique corporate culture and values. Instead, Mackey said he and his team began wrestling with the idea of a preemptive sale: "If we were to be sold, is there a buyer that we'd particularly prefer?"
Four days later, 10 Amazon executives descended on Whole Foods Market's headquarters in Austin to delve into the details of a potential acquisition. And that was just the start of what Mackey called a "whirlwind courtship."The companies entered into a formal agreement on June 15, 2017. After getting the go-ahead from the government, the arrangement was finalized on August 28 of that year.
So interesting.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
10 self-driving startups poised to become the next Waymo, according to VCs - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Check out my Gig on Fiverr: Do You Want To Make professional gaming intro, youtube intro, logo animation? Please Contact Me: Cinematic Logo ANimation Gaming Logo Intro Intro Video Video Intro
Source: BusinessInsider - 🏆 729. / 51 Read more »
The best 20 airports in the world for 2020 according to expert reviewers - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Did you schedule this tweet in 2019? Monachium wysoko
Source: BusinessInsider - 🏆 729. / 51 Read more »
Amazon has a sexist and 'toxic' culture, some employees say - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Я вам одно скажу будете скулить выебут и арабам шейхам отправят . да забыл сказать это сказка для женщин епти
Source: BusinessInsider - 🏆 729. / 51 Read more »
Analysts: Stitch Fix's key advantages over Amazon's Personal Shopper - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Amazon's new virtual classes and sightseeing tours are invite-only for now - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. I conver your PSD,AI,Figma etc. to HTMLwith bootstrap. please contact:
Source: BusinessInsider - 🏆 729. / 51 Read more »