After a new French law went into effect forbidding booksellers from discounting their titles or offering free shipping, Amazon has started charging a penny for delivery.
The new law — often referred to as the “anti-Amazon” law — aims to protect local bookstores and has stopped the large U.S. retailer from offering a 5% discount on its selection of titles, The Wall Street Journal reports. A penny is the smallest amount Amazon is allowed to charge for shipping.
France has been regulating book prices since 1981, when it started preventing book sellers from offering a discount of more than 5% off the cover price on any title.
Amazon doesn’t have the best rep in Europe right now: A beloved British children’s book author just turned down a lifetime achievement award after he found out Amazon sponsored it.
(Hat-tip to Engadget where we saw this story.)
Disclosure: Jeff Bezos is an investor in Business Insider through his personal investment company Bezos Expeditions.
Business Insider Emails & Alerts
Site highlights each day to your inbox.