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Reading: A significant restructuring is being considered by the large grocery delivery business, Getir.
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Baner Club > Blog > Business > A significant restructuring is being considered by the large grocery delivery business, Getir.
Business

A significant restructuring is being considered by the large grocery delivery business, Getir.

Just two years after being valued at around $12 billion (£9.6 billion), Getir, one of the biggest grocery delivery services in the world, is in talks to undergo a significant restructure.

Last updated: 2024/04/14 at 8:02 PM
Published April 14, 2024
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Getir, which was founded in Turkey and today operates in five countries, including the UK, is reportedly in the process of exploring a number of options with its leading investors. This information was received by News.
This weekend, sources claimed that this might entail the rapid dissolution of the dissolution of the delivery group, the company pulling out of several of its remaining markets, or the company implementing an emergency restructuring plan.

An individual close to the company denied that it was considering going through an insolvency procedure, stating that it would leave the country “in an orderly fashion” if it chose to do so.

According to a another insider, the company’s next few days would “make or break” it, with important choices on Getir’s future likely to be made as early as the following two weeks.

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admin April 14, 2024 April 14, 2024
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