The company unveiled plans on Friday to buy upmarket USA grocer Whole Foods Market in a massive $13.7 billion (€12.24 billion) deal.
The shift to younger shoppers over time is expected to play a part in the transformation of online grocery shopping, he said.
The grocer will continue to operate stores under the Whole Foods Market brand, and Mackey will remain CEO, the companies said. Last year, Evercore poached Goldman's head of activism defense Bill Anderson, who for more than 12 years had advised more than 175 companies on how to tackle activist investors and hostile bids.
Charlie O'Shea, a Moody's lead retail analyst, told the Associated Press news agency that the deal could be "transformative, not just for food retail, but for retail in general".
Initially an online bookstore as it was launched in 1994, Amazon stands now as the most valuable retailer in the United States by market capitalization, with more than 341,000 employees worldwide. "I don't think we'd be interested".
Convenience. More of our shopping visits are digitally enabled, and this is going to continue to grow. The stock has jumped almost 32 percent so far this year.
But mostly, online business gives shoppers choices, he said.
The Whole Foods purchase "doesn't necessarily mean Amazon will shift it into an online grocer", she said. But there have been challenges.
Whole Foods, which will keep its name, said in an email to customers that it will maintain its standards under Amazon, including bans on artificial flavors and colors and antibiotics in hens producing its eggs. Shoppers skip the checkout line, and their Amazon accounts get automatically charged. And the deal expands Amazon's workforce by about a quarter. Anderson advised Whole Foods alongside senior Evercore bankers Eduardo Mestre and William Hiltz.
Especially among millennials, is that right? However, Whole Foods stock shot up 28 percent.
Yes. That's an extraordinary penetration for a supermarket chain with just 431 stores.
The Amazon-Whole Foods combination could put even more pressure on rival grocery chains and other big grocery sellers.
Amazon, meanwhile, has been expanding its reach in goods, services, and entertainment.
With Whole Foods, Amazon gets an established business that it can transform through its technology and supply network expertise. Will we just be stopping by to pick up what we ordered online?
Today, though, you might be forgiven for thinking he's changed his mind. The stores will evolve to become more experiential.
Whole Foods, founded in 1978, saw its stock peak in 2013 at $65.24. There could be all kinds of initiatives to repurpose the brick-and-mortar store.
A decision by Goldman Sachs Group Inc past year to move an investment banking veteran to Seattle, as well as Evercore Partners Inc's hiring of a top banker defending companies against activist investors, has paid off handsomely. Whole Foods already has a lot of in-store dining and lots of prepared foods.