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Amazon faces tighter regulation in the UK: grocery revenue breaks the £1 billion threshold

author:36 Krypton

According to reports, the UK antitrust regulator "Competition and Markets Authority" (CMA) recently said that due to Amazon's increasingly frequent activities in the UK grocery industry, it is now necessary to comply with the Code of Conduct for the Supply of Groceries. The UK's Code of Conduct for The Supply of Groceries applies to retailers whose grocery business has an annual turnover of more than £1 billion (US$1.4 billion). Amazon has not released sales figures for its UK grocery business, but the CMA's decision means its sales have exceeded the £1 billion threshold. Analysts believe That Amazon's food retail market in the UK will face stricter regulation. (Sina Technology)

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