E-commerce company Amazon has acquired a 25% stake in France-based package delivery company, Colis Privé for an undisclosed amount, according to le Journal du Net.
The investment would be Amazon’s first in France. Amazon has been building and strengthening its logistics operations in the US and has been slowly expanding outside its home markets.
Founded in 1993, Colis Privé is a delivery company that was started to provide an alternative to the government-owned La Poste. The company presently competes with…
