Amazon’s grocery grab is squeezing debt-laden supermarket chains


  • TECH
  • Thursday, 12 Oct 2017

Avocados are displayed at a Whole Foods store in New York City, U.S., August 28, 2017. REUTERS/Brendan McDermid

Just over a month after Amazon.com Inc ate Whole Foods, the shakeout in the American grocery aisle keeps getting uglier. 

The latest sign of trouble: Private-equity giant Apollo Global Management recently tossed a US$50mil (RM211.12mil) lifeline to Fresh Market, the struggling high-end chain it took private only 17 months ago. 

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