BERLIN: Delivery Hero confirmed talks on a partial sale of its Asia business on Wednesday , adding that the deal's value is still under negotiation.
The Berlin-based company plans to sell its activities under the foodpanda brand in Singapore, Cambodia, Laos, Malaysia, Myanmar, the Philippines and Thailand, it said in a statement. Delivery Hero has been focusing on reaching profitability while maintaining growth as investor confidence in the company started to wane after a pandemic-driven boost.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Delivery Hero in talks for partial sale of Foodpanda, with Grab a potential buyer: ReportGerman business magazine said Grab could pay a little more than 1 billion euros (S$1.46 billion) for the unit. Read more at straitstimes.com.
Source: straits_times - 🏆 5. / 69 Read more »
Alcohol retailer suffers $2.5k in losses after deliveryman allegedly kicks box of Moutai bottlesAn alcohol retailer says he is $2,500 out of pocket after a botched delivery of expensive Moutai (Chinese liquor), claiming that a delivery man had inexplicably damaged the goods during delivery. Read more at stomp.straitstimes.com
Source: stompsingapore - 🏆 11. / 53 Read more »
Anthology by Compendium Spirits tells Southeast Asian stories in Boat Quay, SingaporeAlong Boat Quay's bustling Circular Road, parallel with the waterfront, sits a three-storey heritage shophouse with a striking cobalt blue facade. Anthology is the new home of Compendium Spirits, armed with the local producer's full range of releases, a cocktail programme by Brand & Beverage Director Dannon Har, and a kitchen putting out dishes inspired by familiar Southeast Asian flavours....
Source: asiaonecom - 🏆 10. / 59 Read more »
Singapore's speed climbers, inline skaters hope for Asian Games appearance to inspireSpeed climbing and inline speed skating may be considered niche by some, but Singapore's representatives at the upcoming Hangzhou Asian Games are training hard - in hopes of also inspiring more people to pick up their sports. Alif Amsyar tells us more.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Singapore's speed climbers, inline skaters hope for Asian Games appearance to inspireSpeed climbing and inline speed skating may be considered niche by some, but Singapore's representatives at the upcoming Hangzhou Asian Games are training hard - in hopes of also inspiring more people to pick up their sports. Alif Amsyar tells us more.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Lion City Sailors mean business in second voyage into Asian Champions LeagueWhen the Lion City Sailors chose to include more foreign players in their squad beyond the Singapore Premier League (SPL) quota this season, it became clear that they were serious about their second Asian Champions League (ACL) campaign, which kicks off on Wednesday...
Source: thenewpaper - 🏆 7. / 63 Read more »