Amazon may have to tweak proposals for ending business practices probes, EU regulator says
The Hindu
In July, the U.S. online retailer said it would set up a data silo, preventing its retail arm from using data from its marketplace to make competing private label products
Amazon may have to tweak its proposals to end two investigations into its business practices, EU antitrust chief Margrethe Vestager said on Friday following feedback from third parties on the issue.
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In July the U.S. online retailer said it would set up a data silo, preventing its retail arm from using data from its marketplace to make competing private label products.
It will also end preferential treatment for itself and treat sellers equally when ranking their offers for the "buy box" on its website that generates the bulk of its sales.
Vestager had given third parties until September 9 to provide feedback before deciding whether to accept the proposals.
A group of 11 non-governmental bodies and pan-European consumers' organisation BEUC have criticised Amazon's offer, urging the European Commission to demand adjustments to it.
"We are now in the process of assessing that feedback, some of which pointed to potential improvements on several points," Vestager told a conference in New York.
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