Original article by John McDuling
The Australian Financial Review – Page: 1 & 8 : 19-Jun-17

Robert Luciano of VGI Partners says Australian retailers should be concerned by Amazon’s purchase of grocery retailer Whole Foods. Amazon announced on 16 June 2017 that it will acquire the US grocery retailer for $US13.7 billion ($A18 billion), and that Whole Foods will continue to trade under its current name. Luciano suggests that the purchase represents a major evolvement in Amazon’s business model. Amazon is due to commence operating in Australia in 2018, and it is expected to have a major impact on the earnings of local retailers.

CORPORATES
VGI PARTNERS PTY LTD, AMAZON.COM INCORPORATED, WHOLE FOODS MARKET INCORPORATED, SOUQ, MACQUARIE GROUP LIMITED – ASX MQG, AMAZON WEB SERVICES LLC, UBS HOLDINGS PTY LTD, JB HI-FI LIMITED – ASX JBH, HARVEY NORMAN HOLDINGS LIMITED – ASX HVN