Groupon an­nounces de­ci­sion to with­draw from lo­cal mar­ket

Kathimerini English - - Front Page -

e-com­merce site Groupon an­nounced yesterday it was ceas­ing ac­tiv­ity in Greece. The busi­ness, which op­er­ates by of­fer­ing buy­ers dis­counts on a range of ser­vices that in­clude restau­rants and gyms through pur­chased coupons, said it took the de­ci­sion af­ter mak­ing a de­tailed study of the Greek mar­ket. The US-based com­pany started op­er­at­ing in Greece around five years ago. Greece’s un­cer­tain eco­nomic and po­lit­i­cal cli­mate ap­pear to be the driv­ing fac­tors be­hind the com­pany’s with­drawal from the Greek mar­ket. Con­tact de­tails have been made avail­able on the com­pany’s Greek web­site for con­cerned cus­tomers.

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