FILE PHOTO: Cyclists flip through an advertisement advertising the grocery delivery company “foodpanda”, in Berlin, Germany, August 13, 2021. Photo taken August 13, 2021. REUTERS/Christian Mang
December 22, 2021
BERLIN (Reuters) – German food delivery group Delivery Hero on Wednesday said it would downsize Foodpanda’s operations in Germany and sell its subsidiary in Japan, citing increased competition and labor shortage.
Delivery Hero said Foodpanda would be leaving Cologne, Duesseldorf, Frankfurt, Hamburg, Munich and Stuttgart, although it had introduced the brand in Cologne, Duesseldorf and Stuttgart just a month earlier as part of a wider expansion program in Virtue.
The group also said it will divest Foodpanda Japan in the first quarter of 2022 to focus on other growth priorities within the group.
(Reporting by Zuzanna Szymanska; Editing by Paul Carrel)
https://www.oann.com/delivery-hero-to-shrink-foodpanda-germany-sell-foodpanda-japan/?utm_source=rss&utm_medium=rss&utm_campaign=delivery-hero-to-shrink-foodpanda-germany-sell-foodpanda-japan Miniature delivery hero Foodpanda Germany, selling Foodpanda Japan