German watchdog bars Amazon price caps, orders €59m disgorgement

Germany’s Federal Cartel Office (FCO) has blocked Amazon’s price controls on third-party sellers and demanded repayment of about €59m ($69.6m). The FCO, or Bundeskartellamt, said it had prohibited Amazon and Amazon EU from shaping prices charged by merchants on the Amazon.de Marketplace. It said this is allowed only in limited circumstances such as excessive pricing and under regulatory conditions. Amazon runs the Amazon.de platform, which the authority said represents approximately 60% of Germany’s on ...