Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Gorillas, a food delivery startup with its headquarters in Berlin has announced that they will be exiting the markets in Belgium (Gorillas 2022 - BE), Italy (Gorillas 2022 - IT), Spain and Denmark dimissing over 1000 employees. The company has also dismissed 300 workers in its headquarters in Germany (Gorillas 2022 - DE) . With this new strategy the company aims to continue growing but focusing instead in its home market of Germany, as well as France, the Netherlands, the UK and the US.
Gorillas has around 700,000 active customers but given the state of the market the company was struggling to close its own new funding in the recent weeks. The economic crisis and the war in Ukraine made this expansion more complicated, resulting in the company's decision to focus on markets from which most of its revenues come.
The company says it has evaluated and is still evaluating various alternatives such as the sale of the company or the entry of new investors. To date, there is no positive news and a gradual reduction of employees has therefore taken place.
Eurofound (2022), Gorillas, Closure in European Union, factsheet number 107081, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/107081.