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.
Transportation / Storage Warehousing And Support Activities For Transportation, Postal And Courier Activities Postal And Courier Activities 53.20 - Other Postal And Courier Activities
107 jobs Number of planned job losses
Announcement Date
13 December 2023
Employment effect (start)
1 January 2024
Foreseen end date
31 January 2024
Description
The company Instashop is a fast grocery delivery service that has been operating since 2015. On 13th December, the company announced to its affiliated companies that it will cease operations on 31st December 2023, in Greece while continuing its activities in the Arab world.
Founded in 2015 as an innovative startup focusing on fast grocery delivery in Dubai, it expanded to Greece in 2020.
Headquartered in Thessaloniki, the company expanded its operations to Attica and formed partnerships with supermarkets, dining establishments, cosmetic stores, commercial chains, and other retail businesses.
Eurofound (2023), Instashop, Closure in Greece, factsheet number 200633, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/200633.
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