All articles tagged with #delivery hero
The EU has imposed a significant fine on Delivery Hero as part of its first investigation into a no-poach labor cartel, highlighting ongoing regulatory scrutiny of labor practices in the digital economy.
The EU fined Delivery Hero and Glovo €329 million for participating in an online food delivery cartel, involving anti-competitive practices such as employee poaching bans and location agreements, marking a significant crackdown on minority stake influence and no-poach agreements in the industry.
Delivery Hero SE plans to raise up to $1.5 billion through the IPO of its Middle Eastern unit, Talabat, marking one of the region's largest offerings this year. The IPO will involve a 15% stake in Talabat, with shares priced between 1.50 and 1.60 dirhams, and trading is set to begin on the Dubai Financial Market on December 10. The valuation for Talabat could reach $10 billion, despite recent lackluster IPO debuts in the region. Talabat operates in eight countries and is considered a key asset in Delivery Hero's portfolio.