Amazon is reportedly killing its wine business after legal difficulties following its Whole Foods acquisition
Advertisement
AP/Bebeto Matthews
Advertisement
- Amazon is killing Amazon Wine at the end of the year.
- The decision is apparently rooted in legal issues.
- Amazon will still sell wine, thanks to its acquisition of Whole Foods and the growth of Amazon Fresh and Prime Now.
Amazon is killing its online wine business after roughly five years.
The e-commerce giant alerted Amazon Wine retailers on Monday that its online wine store will shutter at the end of 2017, TechCrunch reported. Amazon Wine allowed third-party wine makers and sellers to sell their products online through Amazon.Despite the death of Amazon Wine, Amazon isn't completely exiting the booze business.
Advertisement
According to TechCrunch and Recode, the company was forced to kill Amazon Wine after its acquisition of Whole Foods - and Whole Foods' wine business.
Under existing laws, it's difficult for Amazon to both sell its own wine and sell and advertise wine from third parties. Amazon will continue to sell wine at Whole Foods, as well as through delivery services such as Amazon Fresh and Prime Now.
Advertisement
- People intolerant of other religions are more likely to reject science, study asserts
- 7 reasons why cucumber can be your summer weight loss friend
- 8 refreshing kulfis you must try this summer
- Adani Enterprises Q4 net falls 37%; incubating businesses show strong momentum
- India, New Zealand hold Joint Trade Committee meeting to deepen relations
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market