Deliveroo, an international food delivery company, has gone into voluntary administration in Australia after years of financial struggles. The company has been unprofitable and forced to make the difficult decision to shut down its operations in the country.
This is a devastating blow for the many Australians who have come to rely on Deliveroo for their meals. The company has been a lifeline for many people, delivering food to their doorsteps when they are too busy or unable to cook for themselves.
Deliveroo has been a popular service in Australia, but it has been unable to compete with the likes of Uber Eats and Menulog, which have been more successful in the Australian market.
The company’s collapse will mean that thousands of Australians will lose their jobs, and many restaurants will be forced to close their doors.
After careful consideration, the company has decided that it would not be profitable to stay in Australia without a large financial investment. The company does not believe that the possible return justifies the amount of risk involved.
The company has been appointed voluntary administrators to wind up the company by Michael Korda, Andrew Knight and Craig Shepard of KordaMentha.
Eric French, chief operating officer of Deliveroo, said that withdrawing from Australia was a difficult decision.
“Thank you to all our employees, consumers, riders and restaurant and grocery partners who have been involved with the Australian operations over the past seven years,” Mr. French said.
