A delivery courier for Glovo checks his phone on the street in Milan, Italy. The closely held company started operating dark-supermarkets in late 2019 to diversify away from restaurant deliveries. — Bloomberg
Spanish food delivery startup Glovo has struck a deal with Swiss real estate firm Stoneweg SA to invest €100mil (RM490.69mil) to expand its network of convenience stores.
Stoneweg will build and refurbish real estate for the “dark stores”, which are delivery-only convenience markets, in countries where Glovo is already operating, such as Spain, Italy, Portugal and Romania, Glovo said in a statement on Jan 19.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
