The EU Commission fines European takeaway groups Delivery Hero and Glovo €329M for taking part in an “online food delivery cartel”, ending its July 2024 probe
European Commission says European food delivery groups shared trade secrets — Roula Khalaf, Editor of the FT …
Delivery Hero says Uber has terminated its $950M deal to acquire Foodpanda in Taiwan and will pay a ~$250M termination fee after Taiwan's FTC blocked the deal
A look at Delivery Hero, profitable since late 2023, as it focuses on the Middle East and Asia while cutting costs and shedding units across 70+ countries
Yazhou Sun / Bloomberg :
Delivery Hero plans to merge two of its European businesses, Foodora and Yemeksepeti, with its Asian business, Foodpanda, and cut fewer than 200 employees
Michael Hennessey / Bloomberg :
The EU opens an in-depth investigation into Delivery Hero and its Spanish subsidiary Glovo to determine if they may have illegally colluded with each other
Samuel Stolton / Bloomberg :
Berlin-based Delivery Hero plans to sell 68.2M shares of Deliveroo, or a ~4.5% stake worth ~£83M, and does not expect to hold any Deliveroo stock afterwards
Yasemin Craggs Mersinoglu / Financial Times :
Three European food delivery stocks, Delivery Hero, Just Eat, and Deliveroo, lost a combined $23.7B, more than half their market value, in the first quarter
Henry Ren / Bloomberg : Tweets: @ivanlevingston and @business Tweets: Ivan Levingston / @ivanlevingston : Brutal quarter for Europe's food delivery companies, especially Delivery Hero https://twitter...
Delivery Hero will acquire a ~39.4% majority stake in Spanish delivery app Glovo, valuing Glovo at €2.3B
Sabahatjahan Contractor / Reuters :
Delivery Hero says it will exit its food delivery business in Germany after seven months and divest its Japanese operations
- Company scales back after re-entering home market this year — Japan business divestment planned for first quarter of 2022
Delivery Hero raises €1.25B via convertible notes, its third equity-linked issuance in less than two years
Bloomberg : Tweets: @bloombergau Tweets: Bloomberg Australia / @bloombergau : Delivery Hero has raised $1.5 billion, with plans to grow the company as customers continue ordering food and grocery del...