Antitrust regulators approved Amazon's planned $13.7 billion acquisition of Whole Foods shortly after the grocer's shareholders voted to approve the deal.The shareholders met at the grocery chain’s headquarters in Austin, Tex., early on Wednesday, and later that day, the Federal Trade Commission's acting director of its competition bureau, Bruce Hoffman, effectively approved the deal by ending a cursory investigation into any antitrust implications."Based on our investigation we have decided not to pursue this matter further,"Hoffman said. "Of course, the FTC always has the ability to investigate anticompetitive conduct should such action be warranted.”Even though the transaction itself doesn’t raise obvious antitrust red flags, there have been growing concerns over what effect the merger might have on other grocery stores.The current plan is for completion of the transaction by the end of 2017. The deal is still subject to other customary closing conditions.Amazon said in June that it would pay $42 a share in an all-cash deal that includes Whole Foods’ debt. The grocery chain, which has sales of $16 billion, has 460 stores across the U.S., Canada and the U.K. Employees total 87,000 in number.When the proposed transaction was announced on June 16, Whole Foods cofounder and chief executive officer John Mackey said, “This partnership presents an opportunity to maximize value for Whole Foods Market’s shareholders, while at the same time extending our mission and bringing the highest quality, experience, convenience and innovation to our customers.”Mackey is slated to continue as ceo of the grocery chain, and its headquarters is expected to remain in Austin.Amazon has been expanding into different categories. It recently launched its own private-label brands, has inked deals with big names such as Nike and set up a box delivery program called Prime Wardrobe.The e-commerce market platform hasn’t had much success in the grocery business. The thinking among some is that Amazon could use some of the space in Whole Foods to provide space for either showcasing select items available at Amazon.com or for pick-up to help expand its same-day delivery distribution network. Others think Amazon might leave the business as is for now as it learns from Whole Foods how it manages day-to-day operations in a brick-and-mortar setting.
La Double J made a name for itself with its vintage-inspired prints, but for resort, designer JJ Martin has ventured into new territory: enter rich jewel toned solids and decadent embellishment, in the form of appliqués, crystals and sequins. #wwdfashion #resort19 #ladoublej
This Just In: J. Crew Group has named Johanna Uurasjarvi as its chief design officer.
Uurasjarvi succeeds Somsack Sikhounmuong, who left the company last September. Tap the link in bio for the full report. #wwdnews
“She came into my hotel room and she was like, ‘I have Chanel and Christian Dior.’ She was like, ‘Chanel likes you.’ And I was like, ‘I’m going to start crying,’” breakout star Maddie Hasson tells WWD of her styling sessions Molly Dickson. “I really like classic, elegant things. I love the way Anna Wintour dresses.” Read more about Hasson’s role in @impulseseries on wwd.com. (📸: @jgreenery ) #wwdeye
@virgilabloh revealed he's working with Australian stylist and
Vogue Australia fashion director @christinecentenera for his debut @louisvuitton men's collection, which will be presented in Paris on June 21. Centenera met Abloh while both working with Kanye West, where she consulted on his all his runway collections since his debut spring 2012 women's wear show. Read the full story on WWD.com. #wwdfashion #wwdnews (📷: @asussmanphoto)
"In order for Shudu to wear garments, she needs to be able to put them on, just like you would in the real world. You have to digitize the outfits," said Cameron-James Wilson on dressing 3-D model @shudu.gram for her WWD photoshoot with @itsclo3d. #wwdfashion (📸: @cjw.photo)
“Shudu is a digital supermodel, a very glamour and amazing woman. But she’s 3-D,” says Cameron-James Wilson, a fashion photographer and the creature of @shudu.gram. Here, Shudu wears @cushnieetochs for her debut fashion editorial. #wwdfashion (📷: @cjw.photo)
“It is the fierce female performances that came before me that made be able to clearly identify for myself what it was that I wanted to do, what kind of artist I wanted to be, what kind of films I wanted to make,” said @brielarson at the Women in Film Crystal + Lucy Awards. See more pictures from the event on WWD.com. #wwdeye (📷: Matt Baron)