Delivery Hero merges its foodora, Yemeksepeti, and foodpanda business teams
New organization to boost operational excellence and increase business leverage across Europe and Asia
Berlin, 31 July 2024 – Delivery Hero SE (“Delivery Hero”, “the Company” or “the Group”), has today announced a merger to strengthen its market leading food delivery businesses – foodora and Yemeksepeti in Europe and foodpanda business in Asia.
Together, all three businesses will form the second largest organization within Delivery Hero, and be led by Tareq Barto, currently Chief Operating Officer of talabat at Delivery Hero.
The new organization will unlock synergies to enable the accelerated growth of the foodora, Yemeksepeti, and foodpanda businesses to support millions of customers across Europe and Asia. The three businesses are powered by Delivery Hero’s Pandora platform technology and the merger will have no impact on their brands’ customers, vendors, and partners.
The merger is part of the company’s business strategy to maintain profitable growth and expand on its market leadership globally.
The changes will affect some employees. Delivery Hero is committed to meeting all its legal requirements and providing adequate support and care for all affected employees.
No other Delivery Hero entity or services will be affected by the merger.
Notes to editors
Tareq Barto, has diverse global experience, having held leadership roles across the UK, Europe, and the MENA region. He is currently chief operating officer at talabat, one of the leading food delivery platforms in the Middle East. Prior to that, he was Senior Vice President of International Markets at Delivery Hero, responsible for driving value creation across the company’s entities globally.
About Delivery Hero
Delivery Hero is the world’s leading local delivery platform, operating its service in around 70 countries across Asia, Europe, Latin America, the Middle East and Africa. The Company started as a food delivery service in 2011 and today runs its own delivery platform on four continents. Additionally, Delivery Hero is pioneering quick commerce, the next generation of e-commerce, aiming to bring groceries and household goods to customers in under one hour and often in 20 to 30 minutes. Headquartered in Berlin, Germany, Delivery Hero has been listed on the Frankfurt Stock Exchange since 2017 and is part of the MDAX stock market index. For more information, please visit www.deliveryhero.com.
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Corporate & Financial Communications
Disclaimer
This release may contain forward looking statements, estimates, opinions and projections with respect to anticipated future performance of Delivery Hero SE (“forward-looking statements”). These forward-looking statements can be identified by the use of forward-looking terminology, including the terms “believes,” “estimates,” “anticipates,” “expects,” “intends,” “may,” “will” or “should” or, in each case, their negative, or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts. Forward-looking statements are based on the current views, expectations and assumptions of the management of Delivery Hero SE and involve significant known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Forward-looking statements should not be read as guarantees of future performance or results and will not necessarily be accurate indications of whether or not such results will be achieved. Any forward-looking statements included herein only speak as at the date of this release. We undertake no obligation, and do not expect to publicly update, or publicly revise, any of the information, forward-looking statements or the conclusions contained herein or to reflect new events or circumstances or to correct any inaccuracies which may become apparent subsequent to the date hereof, whether as a result of new information, future events or otherwise. We accept no liability whatsoever in respect of the achievement of such forward-looking statements and assumptions.
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