EconomyLens.com
No Result
View All Result
Saturday, June 6, 2026
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Business

UK probes Amazon over suspected late payments to food suppliers

Andrew Murphy by Andrew Murphy
June 22, 2025
in Business
Reading Time: 3 mins read
A A
0
29
SHARES
361
VIEWS
Share on FacebookShare on Twitter

If found responsible, Amazon could face a fine of up to one percent of its annual revenue in the UK. ©AFP

London (AFP) – Britain’s grocery watchdog on Friday launched an investigation into whether online retail giant Amazon made late payments to food suppliers. The Groceries Code Adjudicator (GCA) said it had “reasonable grounds” to suspect Amazon had breached industry rules prohibiting delayed payments to suppliers in Britain between March 2022 and June 2025.

Related

Turkey probes billionaire businessman, 95 over Kurdish woman joke

Crypto scammers prey on French victims from Albania

FIFA ups payments to clubs who send players to World Cup

Brazil may purchase 20 more fighter jets from Sweden

What we know about Kushner’s project in Albania

“I decided to launch this targeted investigation based on the range of evidence I have seen from multiple sources,” adjudicator Mark White said in a statement. Amazon became a designated UK grocery retailer in 2022. That made it subject to industry rules that ensure Britain’s largest retailers — those with an annual grocery turnover above £1 billion ($1.3 billion) — treat suppliers fairly.

“The alleged delays could expose Amazon suppliers to excessive risk and unexpected costs, potentially affecting their ability to invest and innovate,” White added. If a breach is found, Amazon could face a fine of up to one percent of its annual revenue in the UK. An Amazon spokesperson said the company would “cooperate fully” with the investigation.

“We have already made significant improvements to our grocery supplier experience, including to payment practices,” they added. The GCA last year told Amazon it had to take “swift and comprehensive” action to comply with industry rules, following complaints from suppliers. It decided to launch a formal probe on Friday following “further detailed evidence about experiences with Amazon,” the regulator added.

© 2024 AFP

Tags: Amazonconsumer protectioninvestigation
Share12Tweet7Share2Pin3Send
Previous Post

Oil drops, stocks climb as Trump delays Iran move

Next Post

World Bank and IMF climate snub ‘worrying’, says COP29 presidency

Andrew Murphy

Andrew Murphy

Related Posts

Business

Thousands protest Jared Kushner-linked resort project in Albania

June 2, 2026
Business

Airbus tests passenger plane that can fly 22 hours non-stop

June 2, 2026
Business

UniCredit says increased Commerzbank stake to 34% in hostile takeover

June 2, 2026
Business

German arms maker Rheinmetall signs 5.7 bn euro deal with Romania

June 2, 2026
Business

Macron announces 93 bn euros in ‘Choose France’ foreign investments

June 1, 2026
Business

Universal Music rejects takeover bid from Pershing Square

May 29, 2026
Next Post

World Bank and IMF climate snub 'worrying', says COP29 presidency

Big-name porn sites back online in France after age check row

Macron says Europe must become 'space power' again

Putin says recession in Russia 'must not be allowed to happen'

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

97

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

Turkey probes billionaire businessman, 95 over Kurdish woman joke

June 6, 2026

Albanians step up protests over Trump-linked property development

June 6, 2026

US reports second case of dangerous livestock pest

June 6, 2026

Crypto scammers prey on French victims from Albania

June 6, 2026
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.