Competition and Markets Authority
-
Oct- 2019 -16 OctoberCatering Companies
CMA launches investigation into Amazon and Deliveroo deal
The Competition and Markets Authority (CMA) has launched an investigation into whether Amazon’s investment to acquire a minority stake in Deliveroo could result in a “substantial lessening of competition”. Earlier this year in May, Amazon led a $575m (£450m) investment round in the food delivery app raising a $1.53bn (£1.2bn)…
Read More » -
3 OctoberFood and Drink
Deliveroo swings to £232m loss in 2018
Deliveroo has reported losses before tax of £232m for 2018, despite a 72% increase in sales to £467m during the year. Deliveroo said it invested “heavily” in new markets during the period, including Taiwan and Kuwait, adding the sales growth was largely due to the food delivery firm increasing the…
Read More » -
Jul- 2019 -5 JulyApps & Technology
Amazon’s Deliveroo deal could face CMA investigation
The Competition and Markets Authority (CMA) has put Amazon’s Deliveroo deal on hold as the regulator said it believed it could “result in Amazon and Deliveroo ceasing to be distinct”. In May, Amazon led a $575m (£450m) investment round in the food delivery app raising a $1.53bn (£1.2bn) total. The…
Read More »
