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EU fines Delivery Hero, Glovo $376M over 'online delivery cartel'
- The European Commission fined Delivery Hero and Glovo over $376 million for participating in a cartel in the online food delivery sector.
- The companies illegally exchanged sensitive information and agreed not to hire each other's employees within the European Economic Area.
- This case is notable for being the first time the EU sanctioned the anti-competitive use of a minority shareholding in a competing business.
- Cartels like this reduce choices for consumers and business partners, limit opportunities for employees, and decrease incentives to compete and innovate.
114 Articles
114 Articles
Food courier companies face fine of US$6.67 million for order contamination - Focus Taiwan
contaminationTaipei, June 4 (CNA) In the event food couriers smoke, fail to keep the food items securely packaged, or demonstrate other behavior that could contaminate the orders, the company they work for can now be fined up to NT$200 million (US$6.67 million), according to a revised rule introduced by the Food and Drug Administration (FDA) that took effect Wednesday.
The European Commission decided on a fine of almost 133 billion forints because Delivery Hero engaged in anti-competitive activities together with another company, Glovo.
The European Commission has sanctioned employee "non-drawing" agreements between Delivery Hero and Glovo. A first. When the delivery giants wanted to divide Europe in a soft way...
The National Economic Prosecutor's Office accused companies of allocating market areas in four countries, resulting in the sudden departure of Glovo from Chile and Egypt, while Delivery Hero, parent of Pedidos Ya, yielded Peru and Ecuador.
EU fines Foodora owner Delivery Hero €220 million over worker cartel
The European Commission has fined German delivery firm Delivery Hero €220 million and its Spanish subsidiary Glovo €110 million for participating in a four-year cartel involving no-poach agreements between the two companies. The companies admitted to the violation in exchange for a 10 percent reduction in the total penalty of nearly €330 million.
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