McCormick CEO sees ‘opportunity’ with Amazon/Whole Foods deal

McCormick & Co. Inc. CEO Lawrence Kurzius says Amazon Inc.’s blockbuster deal to acquire Whole Foods Market should benefit the spice maker.

Amazon’s $13.7 acquisition of Whole Foods is expected to shake up the entire consumer food industry and put pressure on pricing and operating margins. Sparks-based McCormick is a major customer of the online retail giant and has invested in e-commerce, so Kurzius said he thinks the company is “well positioned” to succeed.

“We do think that this probably has…

from http://www.bizjournals.com/baltimore/news/2017/06/29/mccormick-ceo-sees-opportunity-with-amazon-whole.html?ana=RSS%26s=article_search
from http://baltimorecheckbook.tumblr.com/post/162405087157

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Author: Baltimore Checkbook

Best in consumer news and deals in Baltimore, MD.

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