CG: Deal Mania Continues With Whole Foods and Nordstrom
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 20 June 2017
⏱️ 32 minutes
🧾️ Download transcript
Summary
he grocery industry is bracing itself for further disruption as e-commerce giant Amazon announced a surprise buyout of Whole Foods Market. Meanwhile, the Nordstrom family is weighing their options for taking the department store private.
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Transcript
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| 0:00.0 | This Motley Fool Podcast is brought to you by Thumbtac. |
| 0:03.2 | Thumbtac.com provides a fast and easy way to find and hire skilled local professionals. |
| 0:08.8 | Go to Thumbtac.com to find pros for everything from home improvement to event planning to personal wellness and more. |
| 0:14.8 | That's Thumbtac.com. |
| 0:17.0 | Welcome to Industry Focus to podcast it dives into a different sector of the stock market every day. |
| 0:23.5 | I'm your host, Vincent Chen and it is Tuesday, June 20th. |
| 0:26.4 | In the past few weeks we've spent a lot of time talking about retail, mergers and acquisitions |
| 0:31.3 | within the industry, deal rumors. |
| 0:33.4 | Well, the consumer retail world is not letting up, and today we will be discussing two big stories. |
| 0:38.5 | First, Amazon's approximately $14 billion buyout of Whole Foods Market and second reports that members of the Nordstrom |
| 0:45.1 | family are looking into options for taking their namesake company private. |
| 0:49.2 | Joining me in studio is Senior Fool.comor, Adam Levine Weinberg. |
| 0:53.0 | Thanks for coming to Full HQ today. |
| 0:55.0 | Thanks for having me. |
| 0:56.0 | You excited about all these deals that are coming up in our world? |
| 1:00.0 | Yeah, it's a very exciting time for the consumer good space right now. |
| 1:03.0 | The consolidation, you know, the struggles that a lot of the retailers are seeing, it definitely |
| 1:08.1 | gives us a lot of good material to cover on the show, good topics to cover on the show. |
| 1:13.0 | And I think it's fair to say in this case for this episode that both of the target companies |
| 1:17.7 | that we are discussing or about to discuss have been facing headwinds within their industries and you know they're |
| 1:24.9 | going to continue to fight an uphill battle going forward and that will be probably an |
| 1:29.4 | overarching theme for the show I think yeah so let's start a discussion with the more recent |
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