NYS Entity Status
NYS Filing Date
OCTOBER 03, 2014
NYS DOS ID#
NYS Entity Type
DOMESTIC BUSINESS CORPORATION
2014 - I & B GROCERY INC.
AROUND THE WEB
- Forget driving to the supermarket, this one wants to come to you instead
By Yvette Tan - Friday Jun 16, 2017
- Amazon Deal for Whole Foods Starts a Supermarket War
By RACHEL ABRAMS and JULIE CRESWELL - Friday Jun 16, 2017
The grocery-store industry now faces, in addition to overseas competitors, a deep-pocketed rival with a track record of moving customers online.
- Other grocery stocks plummet as Amazon buys Whole Foods for $13.7B
By Josh Constine - Friday Jun 16, 2017
Amazon scared investors away from competing grocery stores today when it acquired Whole Foods for $13.7 billion. Wal-Mart, Target, Costco, Kroger, and more all saw their share prices sink dramatically. Amazon’s ecommerce empire, sophisticated trucking distribution network, advanced technology, and deep pockets could all help Whole Foods run circles around its old-fashioned rivals. As… Read More
- Growbots raises $2.5M for its machine learning-based sales automation platform
By Frederic Lardinois - Wednesday Jun 21, 2017
Growbots uses machine learning to provide sales teams with the right leads to kickstart their outbound sales process. The service, which argues that its product can save each member of a sales team a few days of work every month, today announced that it has raised a $2.5 million funding round from Buran VC, Lighter Capital and a number of angel investors. This brings the company’s… Read More
- What Amazon's Whole Foods means for workers everywhere
By Emma Hinchliffe - Friday Jun 16, 2017
Six months ago, Amazon caused fear for the long-term future of grocery store jobs with Amazon Go, its first experimental cashier-less grocery store.
But it was just one store. Amazon didn't have much of a presence in the real world. It's something to worry about but maybe not immediately.
On Friday, those concerns suddenly become a lot more tangible when Amazon announced that it had agreed to buy Whole Foods for $13.7 billion.
The acquisition solidifies Amazon's growing dominance in the grocery market, from delivery through Amazon Fresh to plans to revolutionize in-person grocery shopping. Owning Whole Foods will ingratiate Amazon even more into every aspect of its customers' lives—and in this case, the lives of especially high-income shoppers. Read more...More about Amazon, Grocery, Whole Foods, Automation, and Amazon Fresh
- Capitalism Deserves More Respect From Millennials
Tuesday Jun 20, 2017
Netflix, cellphones, and iPads are all products of a profit-driven economy, says Stephens Inc.'s Warren Stephens.
- State of the Art: In Whole Foods, Bezos Gets a Sustainably Sourced Guinea Pig
By FARHAD MANJOO - Saturday Jun 17, 2017
By purchasing the upscale chain, Jeff Bezos, Amazon’s chief, has a chance to tinker with how people buy groceries — and map the future of the physical store.
- How to make $300M in two months betting on groceries
By Matthew Lynley - Friday Jun 16, 2017
Today, Amazon made a bid to buy Whole Foods — a grocery chain — for $13.7 billion. That promptly sent the stock up around 30%. And it also looks pretty good considering its history in the past year, in which its continuing major bump came as an activist investor went after the company in April. That investor, Jana Partners, has around an 8% stake in Whole Foods, which will turn out… Read More