Amazon.com Inc. has entered into an agreement with UK-based Wm Morrison Supermarkets to bring hundreds of Morrisons products to British Amazon Prime Now and Amazon Pantry customers in the coming months. Amazon Pantry launched in the U.K. in November 2015 with more than 4,000 items across categories including food, household and baby. Wm Morrison Chief Executive David Potts said the supply agreement combines his company’s “fresh food expertise” with Amazon’s “online and logistics capabilities” in a Monday release. “This is a low risk and capital light wholesale supply arrangement that demonstrates the opportunity we have to become a broader business,” Potts said. Wm Morrison shares are up 5.6% in Monday trading while Amazon shares are up 0.6%. Amazon shares are up 47% for the past year while the S&P 500 is down 7.3% for the same period.
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