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Companies

Germany's Delivery Hero to ditch Foodpanda in Japan

Labor crunch, fierce competition push company into regions with more 'potential'

Foodpanda, which entered Japan in September 2020, will exit the country in the first quarter of 2022.

BERLIN (Reuters) -- German food delivery group Delivery Hero said on Wednesday it would scale down its Foodpanda operations in Germany and sell the subsidiary's Japan unit, citing increased competition and labour shortages.

Delivery Hero said Foodpanda would exit Cologne, Duesseldorf, Frankfurt, Hamburg, Munich and Stuttgart, though it had only introduced the brand in Cologne, Duesseldorf and Stuttgart a month earlier as part of a broader expansion programme in Germany.

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