Future Tech Daily

Amazon to Acquire Whole Foods for $13.7 Billion

Reported by Staff on Jun 16, 2017 5:14:16 PM

FTD_Amazon_Wholefoods.jpg“Amazon.com Inc. will acquire Whole Foods Market Inc. for $13.7 billion, a bombshell of a deal that catapults the e-commerce giant into hundreds of physical stores and fulfills a long-held goal of selling more groceries."

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 FTD_bonobos-sweaters.jpg2. Walmart to buy Bonobos for $310M as it doubles down on fashion

"Walmart today doubled down on its efforts to continue building out a online retail fashion business in its bid to outpace Amazon in the wider world of commerce and specifically e-commerce. Today it announced that it would acquire menswear site Bonobos for $310 million in cash."






FTD_LorealVRBig-536600-edited.jpg3. How L’Oreal uses virtual reality to make internal decisions at its New York HQ

"It looks like a typical conference room. But the L’Oréal Beauty Lab, as it’s referred to internally, is stacked with virtual reality glasses and installed with a VR screen that occupies a full floor-to-ceiling space on the wall. Two other screens in the room are used to display 3D modeling demonstrations" Read More 






 FTD_Intern.jpg4. Inturn aims to transform retailers inventory purchasing

"Inturn is working to revolutionize the retail industry through inventory exchange. Recently, the company just secured a 22.5 million dollar Series b financing round led by B Capital Group, founded by Facebook co-founder Eduardo Saverin and Raj Ganguly."




Topics: Fashion Tech Daily

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