Deliveroo warned investors that it is considering pulling out of Spain over the high costs of operating in the country
“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,” Deliveroo said in aThe company said it would consult with its Spanish courier and employees for a month before announcing its decision.
The legal status of Deliveroo’s riders, and the threat of new regulation in the U.K. and Europe, was cited as one of the reason that top U.K. fund managers like
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