It is claimed that Getir will completely withdraw from Europe

It was claimed that Getir, whose market value once reached 12 billion dollars, would exit the UK, Germany and Netherlands markets within the next week.

Achieving great success especially during the pandemic period Bring, then quickly expanded into different markets and entered markets such as the United Kingdom, Germany and the Netherlands through partnerships or acquisitions. At one time, the company’s value reached up to 12 billion dollars. Getir, which went through turbulent days afterwards, may exit this market.

According to allegations shared by the British media, Getir will make an announcement next week. United Kingdom, Germany and Netherlands will announce that it will withdraw from the market. It is stated that approximately 1000 people will be unemployed after this decision. On the other hand, it is not known whether Getir will completely terminate its operations or transfer it to another company.

Türkiye and the USA remained

Although the idea of ​​Getir withdrawing from the United Kingdom is just a claim for now, the possibility of this claim coming true is not far off. It is stated that the company appointed experts for the restructuring. Competition between delivery services is also increasing in the UK market. Lastly, it was established with funds from Abu Dhabi. mubadalawas also started to be supported by AlixPartners.

Following its exit from European markets, the countries where Getir operates are only Türkiye and the United States will be. It is expected that the company will later sell its subsidiaries in the USA and focus only on Turkey. Among the assets to be sold are those purchased last year. FreshDirect It is claimed that there are also brands such as.

Bring it before Spain And Italy It also decided to withdraw from countries such as. Thus, the company aims to become a profitable business again.

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Source :
https://news.sky.com/story/grocery-delivery-app-getir-prepares-to-exit-uk-market-13118655


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