Getir, one of the world’s largest grocery delivery platforms, is in talks about a radical restructuring just two years after it was valued at nearly $12bn (9.6bn).
Sky News has learnt that Getir, which was founded in Turkey and now operates in five markets including the UK, is examining a number of options as part of talks with its leading investors.
Sources said this weekend that this could involve a break-up of the rapid delivery group, an exit from a number of its remaining markets or some form of emergency restructuring mechanism.
A source close to the company denied that any form of insolvency process was under consideration, saying that if it decided to exit a country it would do so “in an orderly fashion”.
Another insider added …
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