viewAmazon.com, Inc.

Amazon.com fined by competition watchdog for delaying Deliveroo investment investigation

The UK arm has also appointed John Boumphrey as the new boss

Amazon.com, Inc. - Amazon.com fined by competition watchdog for delay in documents submission

Amazon.com Inc (NASDAQ:AMZN) was fined £55,000 by the UK competition watchdog for delaying a probe into the investigation on the investment Deliveroo.

The e-commerce behemoth provided the 189 documents required by the Competition and Markets Authority (CMA) after the deadline, which the CMA said caused unnecessary delays to their work.

READ: Amazon announces 10,000 new permanent UK roles

The purchase was cleared in August, 16 months after the £452mln fundraising was first announced, as it would not damage competition in restaurant or online convenience grocery delivery.

Also on Monday, the UK arm appointed John Boumphrey as the new boss to replace Doug Gurr, who is stepping down.

Boumphrey has been at the company for nine years and is currently vice president of Amazon Fashion Europe.

Amazon is creating 10,000 new permanent roles in the UK in 2020, taking the company’s total permanent UK workforce to over 40,000.

Quick facts: Amazon.com, Inc.

Price: 3217.01 USD

Market: NASDAQ
Market Cap: $1.61 trillion

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...


Lotus Resources reveals highlights on scoping study at its Kayelekera...

Lotus Resources Ltd (ASX:LOT) Managing Director Eduard Smirnov tells Proactive the group's Kayelekera Uranium Project can be among first uranium projects to begin production to meet the impending uranium supply shortfall. Smirnov says according to the study, the project will have a long mine...

10 hours, 29 minutes ago

2 min read