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PICKPOINT DELIVERY SERVICE DECLARED BANKRUPT

The Moscow arbitration court recognized the bankruptcy of the PickPoint pickup network. The "Network of automated pick-up points" (this is the official name of the legal entity that operated the delivery service) had about 6 thousand terminals and issued orders at 4.5 thousand pick-up points throughout ...

PICKPOINT DELIVERY SERVICE HAS BEEN PLACED UNDER SURVEILLANCE

... multimillion-dollar obligations. In 2023, the total amount of financial requirements to the company reached 730 million rubles. As a result, the network, represented in 657 Russian cities and towns, announced its closure. At the same time, it became known that PickPoint decided to initiate its own bankruptcy. Despite the growth in the number of orders observed in the B2C market, the company in 2022 began to lose to marketplaces that took over the functions of delivery services. The network has been generating ...

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