Question: Read the case and answer the questions. Since the beginning of 2016, Whole Foods had been facing problems due to declining sales, growing competition, and

Read the case and answer the questions. Since the beginning of 2016, Whole Foods had been facing problems due to declining sales, growing competition, and increasingly price-conscious consumers. In February 2017, Whole Foods, which had reported a sales decline at its stores for seven consecutive quarters (4Q 2015-1Q 2017), came under pressure from activist investor Jana Partners LLC to consider putting itself up for sale. On June 16, 2017, Amazon acquired Whole Foods in a US$13.7 billion all-cash transaction. Post-acquisition, Whole Foods continued to operate stores under the Whole Foods Market brand with John Mackey (Mackey) remaining its CEO. Going forward, there were several challenges before Amazon's CEO Jeff Bezos
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
