(Bloomberg) -- With a midnight deadline looming on New Year’s Eve, Germany’s Delivery Hero SE clinched an eleventh-hour deal for a majority stake in Spanish peer Glovo. Two weeks later, it said it would sell down its holding of Latin-American company Rappi. Then on Tuesday it told investors its food-delivery business would break even within months.Most Read from BloombergCannabis Compounds Prevented Covid Infection in Laboratory StudyFrequent Boosters Spur Warning on Immune ResponseSay Goodbye t
(Bloomberg) -- Delivery Hero SE is looking to expand newer business offerings including selling advertising and allowing consumers to delay payments on purchases, both of which could help the company grow sales as it moves closer to profitability.Most Read from BloombergCannabis Compounds Prevented Covid Infection in Laboratory StudyDirecTV to Drop One America News in Blow to Conservative ChannelCovid Pandemic May Shift to Endemic in 2022, Moderna Chair SaysFrequent Boosters Spur Warning on Immu
Delivery Hero CEO Niklas Oestberg told Reuters on Tuesday that the German company wants to be in a position to break even at group level in 2023. He said Delivery Hero doesn't need acquisitions but would look at them if the price is right. Delivery Hero last month acquired a majority stake in Spanish delivery startup Glovo.