Deliveroo’s German retreat hands Takeaway.com a monopoly position

In markets including Spain, France, Italy and the UK, Deliveroo, Just Eat Plc and Uber Eats are engaged in a three-way food fight. — Reuters

Deliveroo, a food-delivery service backed by Amazon.com Inc, is abruptly pulling out of Germany after striving for four years in the cutthroat market for meals delivered by speedy cyclists.

The decision, announced at short notice at the start of the week, underscores the increasingly brutal competition tearing through the industry, where delivery companies are merging, closing or retrenching to make ends meet.