Probe Launched Into Amazon's Supplier Payment Practices

Britain's grocery regulator is investigating Amazon for potentially breaching rules on timely supplier payments. The investigation focuses on a possible violation of paragraph 5 of the Groceries Supply Code of Practice, which requires prompt payments to suppliers over a three-year period.

Britain's grocery regulator has initiated an investigation into Amazon, assessing whether the retail giant has breached rules regarding the timely payment of suppliers.

The Groceries Code Adjudicator announced that it suspects Amazon may have violated paragraph 5 of the Groceries Supply Code of Practice. This specific regulation mandates prompt supplier payments.

The probe will assess payment practices over a three-year period, potentially impacting Amazon's supplier relationships if breaches are confirmed.

(With inputs from agencies.)