Amazon acquires French delivery company Colis PrivéJanuary 12, 2016 - 15:20 AMT PanARMENIAN.Net - Amazon has bought the remaining 75% of French delivery company Colis Privé, Business Insider reports. The deal will close early this year and the company will continue to deliver packages and parcels for clients that aren’t Amazon. An Amazon spokesperson stressed that the company would continue to operate Colis Privé as a separate business, but the plans do align with Amazon’s growing expansion into logistics and delivery. Amazon has been operating its own air freight service in Europe. The company has leased air miles on a single plane that flew from Germany to Poland to the UK repeatedly, delivering packages and parcels. A report from The Wall Street Journal highlighted the strained relationship between UPS and Amazon, its largest client, in America. According to the WSJ, the Amazon account at UPS is worth around $1 billion (£650 million). This isn’t the first time Amazon has acquired a stake in a delivery firm: The company bought a 4.2% stake in Yodel, a UK-based delivery firm, in 2014. Amazon has been looking to control more of its own delivery and logistics networks, especially as other firms — such as UPS or FedEx — often struggle to fulfill demand during busier seasons, such as Christmas. Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | Russia clarifying reports on Baku’s alleged arms supply to Ukraine Russia says is carefully working to verify reports about alleged arms supplies from Azerbaijan to Ukraine Russia warns Armenia against “falling into West’s trap” Zakharova maintained, however, that anything that will benefit the people of Armenia can only be welcomed. CSTO: Armenia has not participated in secretariat’s work recently Recently Armenia has not participated in the work of the secretariat of the CSTO, Imangali Tasmagambetov said. Meeting with U.S., EU not against third parties, says Armenia The meeting scheduled for April 5 is dedicated to strengthening of the Armenia-EU-US cooperation, Yerevan added. |