US EditionEU fines Delivery Hero, Glovo $376M over 'online delivery cartel'
- The European Commission fined Delivery Hero and Glovo over $376 million for participating in a cartel in the online food delivery sector.
- The companies illegally exchanged sensitive information and agreed not to hire each other's employees within the European Economic Area.
- This case is notable for being the first time the EU sanctioned the anti-competitive use of a minority shareholding in a competing business.
- Cartels like this reduce choices for consumers and business partners, limit opportunities for employees, and decrease incentives to compete and innovate.
113 Articles
113 Articles
The European Commission decided on a fine of almost 133 billion forints because Delivery Hero engaged in anti-competitive activities together with another company, Glovo.
The European Commission has sanctioned employee "non-drawing" agreements between Delivery Hero and Glovo. A first. When the delivery giants wanted to divide Europe in a soft way...
The National Economic Prosecutor's Office accused companies of allocating market areas in four countries, resulting in the sudden departure of Glovo from Chile and Egypt, while Delivery Hero, parent of Pedidos Ya, yielded Peru and Ecuador.
EU fines Foodora owner Delivery Hero €220 million over worker cartel
The European Commission has fined German delivery firm Delivery Hero €220 million and its Spanish subsidiary Glovo €110 million for participating in a four-year cartel involving no-poach agreements between the two companies. The companies admitted to the violation in exchange for a 10 percent reduction in the total penalty of nearly €330 million.
Due to antitrust violations, the EU Commission has imposed a fine of EUR 329 million on the German delivery service company Delivery Hero and its Spanish subsidiary Glovo.
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