E–commerce giant Amazon has reportedly launched legal proceedings against Indian retailer Future Group for allegedly breaching the terms of a non-compete contract.
The terms of the contract between the parties included “a restricted list” of companies. As per the arrangement, Future cannot reach deals with those firms, the media reported.
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An Amazon spokesperson also reportedly confirmed the development.
Amazon alleged that the retailer violated the terms of the contract by signing a deal with Indian conglomerate Reliance Industries (RIL), ET Now reported.
In August, Reliance said that it will acquire the retail and wholesale business, as well as the logistics and warehousing business of Future in a deal valued at $3.38bn.
Last year, Amazon acquired a 49% stake in Future Coupons, the promoter entity that owns a 7.3% interest in Future Retail.
Future Retail operates more than 1,500 stores in India, including grocery chain Big Bazaar.
In a separate development, European Union lawmakers reportedly wrote a letter to Amazon boss Jeff Bezos enquiring about hiring “intelligence analysts” with tasks to monitor several “threats” observed by the retailer, signed by 36 Members of European Parliament (MEPs).
The letter comes after the online retailer deleted two job postings for “intelligence analysts,” from online job boards. It also requested the candidates applying to have French and Spanish language skills.
