Amazon (AMZN) might have forever changed the grocery industry exactly one year ago when the e-commerce giant bought Whole Foods for roughly $14 billion on June 16, 2017. Today, grocery delivery is commonplace across the entire industry.
Soon-Shiong, a former surgeon, built a fortune by developing biotech drugs but his legacy likely will be shaped by his bid to restore the Los Angeles Times to prominence. Soon-Shiong will become executive chairman.
Clothing designer-retailer Perry Ellis International Inc. agreed to be taken private by its founder, George Feldenkreis, in a $437 million deal after Feldenkreis spent months pushing for the company to be sold.