Uber to cease food delivery in Italy, exit Israel
Uber said it will shut its food delivery business in Italy and exit Israel, where it has not built sufficient market share.
The moves were “in line with our efforts to focus on markets where we have opportunities for sustainable growth”, a company spokesperson said.
CEO Dara Khosrowshahi has said Uber will invest only in markets where it can be the largest or second largest player.
Uber trails Just Eat and Glovo in Italian food delivery, and Gett Taxi and Yango in the Israeli taxi and private hire market.
The company, which relies on self-employed contractors for its delivery service, said around 50 Uber employees and thousands of non-employee couriers and restaurants would be affected in Italy.
It said it will continue to expand its mobility service there, where it works with dispatcher IT taxi.
The company’s biggest markets in Europe are Britain, France, Spain and Germany.
Uber says it is seeing strong adoption by taxi drivers in Europe, who use the Uber app to supplement their curb-side ride hailing business.
Related news
Diageo launches new campaign to tackle impaired driving
The campaign, titled ‘Take a Minute. Make a Plan’ encourages…
Read more >Mutti processes more tomatoes despite extreme weather conditions
Tomato producer Mutti has processed 565,000 tonnes of tomatoes this…
Read more >Best Global Brands: the most valuable brands in 2024
This autumn global brand consultancy Interbrand unveiled its Best Global…
Read more >Related news
The Christmas season is starting earlier and earlier: value for money is the key
This year, 40 percent of Hungarians brought their Christmas shopping…
Read more >The SZÉP card will also be available in digital form from 2025
From September 1, 2025, a significant change will come into…
Read more >SHEIN’s first Hungarian store has opened
On December 10, 2024, at noon, SHEIN’s first Hungarian store…
Read more >