// Next chief executive Lord Wolfson has resigned from Deliveroo’s board as it is “no longer compatible with executive and other commitments”
// Deliveroo unveiled widening losses in its first half
Next boss Lord Wolfson has stepped down from the board of Deliveroo after just 18 months as the delivery giant posted widening losses.
Wolfson joined Deliveroo in the run up to its stock market listing last year.
He said: “After much consideration, and with regret, I believe that the time required to continue in my role at Deliveroo is no longer compatible with my executive and other commitments.”
Wolfson’s departure comes as Deliveroo’s pre-tax losses widened to £147 million from £95 million last year.
READ MORE: Asda teams up with Deliveroo to provide on-demand groceries
Despite the swelling losses, sales were up 12% in the first half, although growth slowed to just 2% in gross transaction value in the second quarter.
Over the half, Deliveroo expanded its grocery delivery offer with Waitrose, Sainsbury’s, Co-op, Asda and Spar and added McDonald’s to its platform in the UK.
Outside of food, WHSmith and LloydsPharmacy inked deals with Deliveroo over the half year.
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