Whole Foods Market has a new owner – Amazon.
The online shopping giant announced last week it planned to buy Whole Foods Market Inc. for an estimated $13.7 billion. The transaction – a definitive merger agreement – is to be an all-cash transaction and is subject to approval by Whole Foods shareholders.
Worried what this means for your local Whole Foods? Whole Foods Market Inc. will continue to operate its stores “under the Whole Foods Market brand and source from trusted vendors and partners around the world,” according to a press release.
“Millions of people love Whole Foods Market because they offer the best natural and organic foods, and they make it fun to eat healthy,” said Amazon founder and CEO Jeff Bezos in the release. “Whole Foods Market has been satisfying, delighting and nourishing customers for nearly four decades – they’re doing an amazing job and we want that to continue.”
The agreement is expected to be finalized later this year. Whole Foods is located at 4420 Lougheed Hwy. in Burnaby.
Burnaby brokers recognized
Four insurance brokers from Burnaby-based HUB International were recognized among the top 34 brokers across the country.
Michelle Elliot, MelanieStefiuk, David Mills and Michelle Toppingwere named in Insurance Business Canada’s fifth annual elite brokers report. The report recognizes top-performing brokers who have earned $750,000 or more in commissions last year, according to a press release.
Elliot ranked fifth overall; Stefiuk ranked sixth overall; Mills was 19th; and Topping was 24th overall.
Got gas?
Kudos to Grand Villa Casino Hotel and Conference Centre – the Burnaby entertainment plaza is the number 1 user of renewable natural gas in the province, according to Fortis B.C.
Grand Villa leads the list of top five natural gas users in the province, followed by Vancouver Island Health Authority, the Ethical Bean Coffee Co. in Vancouver, Summerhill Pyramid Winery in Kelowna and the University of British Columbia.
Renewable natural gas is a carbon-neutral energy source produced when bacteria breaks down organic waste from sources, including farms, landfills and wastewater treatment facilities. The gas is captured and purified, and delivered to customers through natural gas pipelines, according to Fortis B.C.
