Deliveroo fails to ship, pulls out of Australia after sliding into administration

Meals supply service Deliveroo is now not taking orders after saying it has fallen into administration, citing a tricky buying and selling setting as shoppers pull again on spending amid the rising price of dwelling.

In an electronic mail despatched to native Deliveroo clients, the UK-headquartered firm stated it had determined to tug out of Australia.

“Deliveroo Australia has ceased operations, which means you may now not place orders on Deliveroo in Australia,” the e-mail stated.

Deliveroo’s Australian enterprise has fallen into administration.Credit score:AP

“Deliveroo, like all different corporations, is now doing enterprise in difficult financial circumstances, which requires us to take troublesome choices.

“In Australia, now we have concluded that attaining a sustainable place of management available in the market will not be doable with out a disproportionate stage of funding which might have extremely unsure returns.”

It has appointed KordaMentha as voluntary directors.

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