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Glovo will leave Brazil one year after launch of operations Company



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The Glovo delivery & # 39; app & # 39; founded in 2015 in Spain, announced on Thursday that it will close its work in Brazil, the largest economy in Latin America.

The Spanish company, which is concrete in that country with other delivery services, such as Uber Eats, Rappi and iFood, argued that "The Brazilian brand is very competitive"and that, as a result, he decided to focus his efforts on other countries" after analyzing the entire local scenario. will finish his services this Sunday, March 3 at 23:59.

Glover adds his & # 39; Glovers & # 39; (distributions) & # 39; get the transfers & # 39; and will still gain access to services from & # 39; s company to resolve any doubts. "

The company Start working in Brazil in March 2018, first in some weeks from São Paulo and Rio de Janeiro. Currently, it is also present in Belo Horizonte, Brasilia, Campinas, Curitiba, Fortaleza, Guarujá, Niterói, Praia Grande, Porto Alegre, Recife, Salvador and Santos.

Why are you standing?
In a statement sent to the Brazilian portal Tecnoblog, Glovo explained that he decided to leave the country to concentrate resources in other niches in Latin America, Europe, the Middle East and Africa, where, according to the firm, it was a significant part of its presence and value. reach.

"After 12 months, we see that Brazil is a very competitive brand and that, because of the success we've been planning, We would need more investment and time to take advantage of, deliver and profit. This is why we've decided to target other Latin American brands, where Glovo's growth is a demand for growth and we can get better results for our partners, suppliers, and business , "explained the company.

Glovo He added that in all plans, all obligations with their users, partners and suppliers in Brazil will be honored.

The Spanish company also works in Peru, where it competes against Rappi and Uber Eats. In Brazil, its operation was formed as a joint venture with Cabify.

"We want your thanks for working with Glovo in these 12 months, without you being unable to do so," it said.

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