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German Gorillas grocery app seeks big retail partners to boost profit

Channel News Asia LogoChannel News Asia1 mo ago

German Gorillas grocery app seeks big retail partners to boost profit

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DUBLIN :German grocery delivery app Gorillas, which announced job cuts last month, is looking to collaborate with large retailers and may also use private-brand products to try to secure group-level profitability within 12 months, its chairman said on Wednesday.

"Now 65 per cent of the customers are profitable, 25 per cent of the warehouses are profitable and we believe we will be operation profitable in three months and group profitable in 12 months," he said.

Senior executives from Tesco and Alibaba and other major retailers were also attending the conference, which Samut said was not the kind he normally attends.


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Article Details

Category: Economy

Topics: Samut Technology Gorillas Profitable Profitability Partners Months 2022 Mediacorp Retailers Grocery

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-22, 18:29:42

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Reading Time: 3 minutes read

Article Length: 437 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 3448

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About Channel News Asia

Channel News Asia Logo

Main Topics: Economy

Official Website: channelnewsasia.com

Update Frequency: 57 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 21m ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #27

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