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Just Eat Takeaway to cease ops in Romania

Just Eat Takeaway to cease ops in Romania Source: Just Eat Takeaway

BUCHAREST (Romania), May 10 (SeeNews) - Dutch multinational online food ordering and delivery company Just Eat Takeaway said on Tuesday it intends to discontinue its platform and delivery operations in Romania as of June 1.

"Over the past period, the competitive pressure, our relative scale and the overall market penetration for food delivery in Romania have been insufficient to sustain a healthy business. With this in mind we have made the difficult decision to cease our operations in Romania," Just Eat Takeaway said in a press release.

"The closing of this market enables us to concentrate on sustainably profitable and market leading positions," the company explained.

Just Eat Takeaway also noted that impact on orders, gross transaction value and revenue for the company in Southern Europe will be immaterial.

Amsterdam-headquartered Just Eat Takeaway was cre­at­ed in Janu­ary 2020 by bring­ing togeth­er two food deliv­ery firms: Take​away​.com, found­ed in 2000 in The Nether­lands and Just Eat, found­ed in 2001 in Denmark. Just Eat Takeaway currently has over 634,000 con­nect­ed restau­rants through its plat­form.

In 2018, Takeaway.com acquired Romanian food delivery marketplace Oliviera and Bulgarian food delivery company BGmenu for a total of 10.5 million euro ($11 million).

($=0.9504 euro)

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