Further to the announcement on 30 July 2021, Deliveroo today announces that it has concluded the consultation on its proposal to end operations in Spain and has decided to proceed with the proposal.
The Company’s final day operating in Spain will be 29 November 2021.
Spain represented less than 2% of Deliveroo's gross transaction value (GTV) in the first nine months of 2021. As previously announced, the Company has determined that achieving and sustaining a top-tier market position in Spain would require a disproportionate level of investment with highly uncertain long-term potential returns that could impact the economic viability of the market for the Company.
Appropriate compensation packages, compliant with all local regulations and laws, have been agreed through the consultation and will be made available to riders and employees.
This agreement to end operations in Spain does not impact previously communicated full year guidance on Group annual GTV growth and gross profit margin.
Hadi Moussa, Chief Business Officer, International, Deliveroo said:
We want to thank all the riders and restaurants who have worked with Deliveroo in Spain, as well as our fantastic customers. The Company is proud to have partnered with some of Spain's best restaurants and thousands of hard-working riders. We are grateful to our talented employees for their commitment to the Company and all they have done, and we are pleased to have agreed appropriate compensation packages for them and for riders.