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Amazon Inc.’s (AMZN) $13.7 billion industry-transforming acquisition of grocer Whole Foods (WFM) is putting the takeover spotlight on Hain Celestial (HAIN) , the only remaining publicly traded pure-play natural- and organic-food company.
WFM is Hain’s largest customer (indirectly), and it’s where HAIN sells a variety of organic products, including well-known brands Terra Chips and Celestial Seasonings teas.
The online retail giant has for years been described by ad executives as a “sleeping giant” in the digital advertising world, but its $13.4 billion acquisition of grocery chain Whole Foods WFM +1.16% could further strengthen Amazon’s ability to influence how and where WPP’s clients choose to spend their money, Mr. Sorrell said.
“[The Whole Foods deal] is part of a bigger play—the retail sector is quite large,” said Bahige El Rayes, a principal in the retail practice of management consulting firm AT Kearney. “Grocery is a sector ripe for disruption… this sets Amazon up for doing new things, tapping into new sectors including apparel.”