- John Mackey, CEO of Whole Foods Market, described grocery delivery as "Amazon's Waterloo."
- Mackey's 2015 statement is a stark contrast to the $13.7 billion deal announced Friday for Amazon to acquire Whole Foods.
Whole Foods CEO John Mackey used to think Amazon wouldn't thrive in the grocery delivery business, according to a 2015 interview with Bloomberg Businessweek, starkly contrasting the recent deal he stuck with the company.
Mackey reportedly predicted the e-commerce giant's move into grocery delivery through its AmazonFresh initiative, a capitalize-intensive service, would be "Amazon's Waterloo" moment.
The deal is expected to close in the second half of the year.