French food delivery startup Epicery is shutting down entirely on December 31, 2024, resulting in the layoff of its entire workforce. The company, which specialized in premium grocery delivery, faced insurmountable economic challenges, including high inflation that curbed customer spending and intense post-pandemic competition. Despite a surge during COVID-19 lockdowns and a majority investment from Geopost/DPDgroup in 2021, Epicery reported significant losses, with a negative EBITDA of -€4.69 million on €2.57 million in sales in 2023. Its parent company cited a tough market, the return to in-person shopping, and poor profitability prospects as reasons for the closure, marking the end of its nine-year operation in the competitive food delivery industry.
