+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

Amazon has bought a French delivery company

Jan 12, 2016, 14:03 IST

A UPS worker carries an Amazon box to be delivered in New York July 24, 2015.REUTERS/Eduardo Munoz

Amazon has bought the remaining 75% of French delivery company Colis Privé, according to The Seattle Times.

Advertisement

The deal will close early this year, according to the report, 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, according to a report from The Evening Standard. 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).

Advertisement

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.

NOW WATCH: This 14-year-old makes up to $1,500 a night eating dinner in front of a webcam in South Korea

Please enable Javascript to watch this video
You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article