UK grocery watchdog probes Amazon over alleged supplier payment delays

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Britain’s grocery regulator on Friday launched an investigation into Amazon, probing whether the retail giant breached rules on timely supplier payments over a three-year period.

The Groceries Code Adjudicator said it suspects Amazon violated paragraph 5 of the Groceries Supply Code of Practice, which mandates prompt payment to suppliers.



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UK grocery watchdog probes Amazon over alleged supplier payment delays



Britain’s grocery regulator on Friday launched an investigation into Amazon, probing whether the retail giant breached rules on timely supplier payments over a three-year period.

The Groceries Code Adjudicator said it suspects Amazon violated paragraph 5 of the Groceries Supply Code of Practice, which mandates prompt payment to suppliers.



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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