Foodora abandon the race in France

Off the road for Foodora. In the race without thank you among the companies of delivery of meal, hard to keep the pace. The German Delivery Hero, in fact, bitter experience. On the occasion of the publication of its half-year results, it announced that, Thursday, August 2, his decision to withdraw from the markets, French, Italian, Dutch, and australian. Its French subsidiary is therefore to sell.

In 2016, the belgian company Take Eat Easy had already said package, was forced to abandon for lack of fuel financial. Delivery Hero, she won the mint in June 2017. By successfully completing its ipo and taking advantage of investors ‘appetite for the” foodtech “, it has pocketed a billion euros.

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A year later, Delivery Hero boasts a revenue growth of 60 % in the first half, at 357 million euros. She even has re-evaluated its sales guidance for the year as a whole, understood now between the 760 and 780 million euros. But she is forced to acknowledge : it will not reach the point of financial balance that she had set for the end of 2018 and on the whole the year 2019.

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