For Immediate Release

Organization Profile: 
Contact: 

Kate Fried, Food & Water Watch, (202) 683-4905

Amazon’s Acquisition of Whole Foods: Higher Prices, Fewer Choices for Consumers and More Profits for Billionaires Statement by Wenonah Hauter, Executive Director, Food & Water Watch

WASHINGTON - "Today, Amazon announced its acquisition of Whole Foods Market. Too few companies already exert outsized influence over our food choices. This is extreme consolidation of the food system in action, which will lead to higher prices, fewer choices for consumers, and bigger profits for billionaires like its owner, Jeff Bezos.

"The top four grocery retailers already control 62 percent of food sales, raising prices and reducing choices for consumers. This nearly $14 billion takeover would combine the dominant online retailing giant with one of the country’s ten biggest supermarket chains.

"Consumers already face substantially reduced options for grocery shopping because of a wave of mega-mergers that have swept the supermarket and grocery manufacturing industry. In recent years, more than 4,000 grocery stores were joined under two owners after the Albertsons-Safeway and Ahold-Delhaize mergers. The proposed Amazon-Whole Foods deal only further curtails consumer choices and raise prices.

"The Federal Trade Commission must block this merger to protect consumers from the anti-competitive practices and higher prices of retail grocery monopolies."

###

This is the world we live in. This is the world we cover.

Because of people like you, another world is possible. There are many battles to be won, but we will battle them together—all of us. Common Dreams is not your normal news site. We don't survive on clicks. We don't want advertising dollars. We want the world to be a better place. But we can't do it alone. It doesn't work that way. We need you. If you can help today—because every gift of every size matters—please do.

Food & Water Watch is a nonprofit consumer organization that works to ensure clean water and safe food. We challenge the corporate control and abuse of our food and water resources by empowering people to take action and by transforming the public consciousness about what we eat and drink.

Share This Article

More in: