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PICKPOINT DELIVERY SERVICE DECLARED BANKRUPT

... published by the publication, the company owes more than 1 billion to Sberbank, about 218 million to Sovcombank. Experts call problems caused by the financial relationship of the delivery service with Western investors one of the possible reasons for PickPoint's bankruptcy. The company already in February 2023 reported on the restrictions imposed on the return of goods, and by the beginning of April it had completely stopped working. Experts believe that in the conditions of declaring a company bankrupt, the ...

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 losses for the past few years. In 2021,...

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