Brief: Jumia Technologies Announced Plans To Close Its Food Delivery Business

Jumia Technologies AG

13/12/2023 22:22

Dec 13 (Reuters) - Jumia Technologies AG  4JMAy.F :
    * JUMIA TECHNOLOGIES AG - ANNOUNCED PLANS TO CLOSE ITS FOOD
DELIVERY BUSINESS, JUMIA FOOD
    * JUMIA TECHNOLOGIES AG - WILL CONTINUE TO OPERATE ITS CORE
PHYSICAL GOODS BUSINESS AND ITS JUMIAPAY BUSINESS IN ALL OF ITS
COUNTRIES OF OPERATION
    * JUMIA TECHNOLOGIES AG: DETERMINED FOOD DELIVERY BUSINESS
IS NOT
SUITABLE TO CURRENT OPERATING ENVIRONMENT AND MACROECONOMIC
CONDITIONS IN ITS MARKET
    * JUMIA TECHNOLOGIES AG - WILL CLOSE ITS FOOD DELIVERY
OPERATIONS
IN ALL MARKETS BY END OF DECEMBER 2023

Further company coverage:  4JMAy.F 

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