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 | Exclusive access to all EURO 2024 games for Ucom subscribers This year once again Ucom stands as the primary partner of UEFA EURO 2024 in Armenia. Pashinyan congratulates Putin on Russia Day Nikol Pashinyan sent congratulatory messages to Vladimir Putin and Mikhail Mishustin on the occasion of Russia Day. Armenia, U.S. to upgrade Strategic Dialogue meeting to Strategic Partnership Commission The two governments have release a statement on the occasion of the U.S.-Armenia Strategic Dialogue Capstone meeting. Azerbaijan complains to Germany about Armenia's constitution Bayramov has complained about the Armenian constitution to his German counterpart Annalena Berbock. |