Only 99% to go: The Tipline for 11 August 2023
The Federal Trade Commission is expected to file a blockbuster antitrust lawsuit against Amazon in the coming weeks but not before Andy Jassy offers a concession. The Wall Street Journal reported Thursday that the company plans to drop dozens of its private-label brands to avoid regulatory scrutiny. Amazon says its in-house brands make up only 1% of its retail sales. That concession might mean something to the judiciary but GCR would wager there is a 99% chance the drafted complaint stays in the commission’s shopping cart.
Subscribe to Global Competition Review
Subscribe to unlock unlimited access
Get news, unique commentary, expert analysis and essential resources from the Global Competition Review experts.
Already have access? Login below
Copyright © Law Business ResearchCompany Number: 03281866 VAT: GB 160 7529 10