Eu To Investigate Delivery Hero, Glovo Over Food Delivery Cartel Concerns

TL;DR


1. The European Commission is launching an investigation into potential anti-competitive practices in the food delivery market, focusing on Delivery Hero and Glovo. The investigation will examine whether the companies have engaged in cartel-like behavior, such as market sharing or price-fixing, which could harm competition and consumers.

2. The concerns stem from Delivery Hero's acquisition of Glovo, a Spanish food delivery company, which was completed in 2022. The Commission is worried that the merger could lead to a reduction in competition and higher prices for consumers in the food delivery sector across Europe.

3. The investigation is part of the EU's broader efforts to ensure fair competition in the digital economy. The Commission has the power to impose fines of up to 10% of a company's global turnover if it finds evidence of anti-competitive practices. The outcome of the investigation could have significant implications for the food delivery industry in Europe.

Like summarized versions? Support us on Patreon!