Rakuten to shut up shops in Britain, Spain, Austria
Rakuten will focus its e-commerce marketplace investment in France and Germany as the businesses there have the scale and potential for sustainable growth. However, in UK and Spain, the cost of growth relative to the size of the businesses has led to plans to close these operations.
Rakuten has started to talk with employees around the following plans related to the European e-commerce marketplaces and office operations:
- Closure of Rakuten UK marketplace and its Cambridge operations, as well as Rakuten Spain marketplace and its Barcelona operations.
- Provision of services to Austrian merchants and customers from the German operations base, due to closure of the dedicated marketplace and operations in Vienna, Austria.
Rakuten anticipates that the marketplace closures will take place by the end of August, subject to completion of the consultation process with impacted employees in relevant jurisdictions, as well as other legal processes. ■