France moves to shield its book industry from Amazon

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 66%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

PARIS : Sophie Fornairon's independent bookshop has survived the rise of Amazon thanks to a French law that prohibits price discounting on new books, but she says the e-commerce giant's ability to undercut on shipping still skews the market against stores like hers.Fornairon, who owns the Canal Bookstore

PARIS : Sophie Fornairon's independent bookshop has survived the rise of Amazon thanks to a French law that prohibits price discounting on new books, but she says the e-commerce giant's ability to undercut on shipping still skews the market against stores like hers.

Amazon said the legislation, adopted by parliament but not yet enacted, would punish those in rural areas who cannot easily visit a bookstore and rely on delivery. In the country of Victor Hugo and Simone de Beauvoir, where local bookshops are held with special affection - they were deemed 'essential businesses' during latter COVID lockdowns - the move is the latest by the state to shield national culture against big tech firms.

Amazon's pricing strategy had resulted in the growing market share of a single operator, the Ministry of Culture said. France's bookstores are concentrated in towns and cities. Amazon said online sales of books had enabled consumers to have equal access, regardless of where they lived.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hong Kong's zero-COVID policy undermining financial hub status: Industry groupHONG KONG: A financial industry group warned on Monday (Oct 25) that Hong Kong\u0027s zero-COVID policy and strict quarantine requirements for international travellers threatens to undermine the city\u0027s status as a financial hub. The Asia Securities Industry and Financial Markets Association (ASIFMA) said a surv
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Hong Kong's zero-Covid policy undermining financial hub status: Industry groupHONG KONG — A financial industry group warned on Monday (Oct 25) that Hong Kong's zero-Covid policy and strict quarantine requirements for international travellers threaten to undermine the city's status as a financial hub.
Source: TODAYonline - 🏆 1. / 99 Read more »

French company Crypto Blockchain Industries to list on Paris stock marketPARIS : French company Crypto Blockchain Industries said it would list on the Paris Euronext Growth stock market, highlighting the burgeoning appeal of cryptocurrencies around the world.The company said it would list its shares at a price of 2 euros, giving it a market capitalisation of around 38.7 millio bastien_baba PopouDams
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »