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Recode: Amazon Wine shutting down due to Whole Foods

Published 10/24/2017, 08:12 AM
© Reuters.  Recode: Amazon Wine shutting down due to Whole Foods
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  • Amazon (NASDAQ:AMZN) will shutter its Amazon Wine business by the end of the year, according to Recode.
  • Amazon Wine launched about five years ago and allows wine producers to sell through the e-commerce site rather than Amazon selling the alcohol directly.
  • The Whole Foods acquisition likely complicated Amazon’s legal position since it now also acts as an alcohol retailer and can’t accept supplier payments to advertise alcohol.
  • Previously: Gift shops coming to Amazon Handmade; Etsy shares down 3.3% (Oct. 23)
  • Now read: The Anti-Amazon Portfolio Strategy

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