Groupon exits Sweden, Denmark, Norway and Finland
The news comes amid a difficult period at Groupon, TechCrunch reports, which has laid off 1,100 employees, exited several other markets, missed on earnings and changed CEOs — all in the last couple of months.
“As we continue our operational and strategic focus to simplify and streamline our international business, we are assessing our international portfolio to determine which assets can contribute to our long-term vision of aggressive, profitable growth,” said a spokesperson in an emailed statement.
“After careful consideration Groupon will discontinue its operations in Sweden, Denmark, Norway and Finland as of 16 November 2015. We will work closely with our merchants and customers to ensure that all Groupon commitments are met. Our focus is also on our staff in this market and supporting them fully at this time.”
You can read the whole story here. ■