Delivery Hero Eyes Sale of Taiwanese Food Delivery Venture

In a move to streamline its operations and focus on core markets, German-based food delivery giant Delivery Hero is set to sell its Taiwanese food delivery business to local player Gourmet Express for approximately $600 million. The deal marks a significant shift in Delivery Hero’s strategy as the company seeks to prioritize growth in more mature and competitive markets. The sale of the Taiwanese business is expected to provide a much-needed boost to Delivery Hero’s bottom line, as the Asian market has been experiencing a decline in consumer demand for food delivery services. By divesting its operations in Taiwan, Delivery Hero aims to eliminate unprofitable assets and redirect resources towards more promising opportunities. Gourmet Express, on the other hand, is well-positioned to capitalize on the growing demand for food delivery services in Taiwan, with a strong brand presence and a robust network of restaurants. The company has been actively expanding its operations in recent years, and the acquisition of Delivery Hero’s Taiwanese business is expected to be a significant catalyst for its growth plans. The deal is still subject to regulatory approval and other conditions, but if completed, it would represent a significant milestone in Delivery Hero’s efforts to refocus its strategy on more promising markets.