Flink France, the express home shopping platform with 218 employees in France, announced its liquidation on Friday after declaring a cessation of payments to the Paris commercial court. The company faced challenges due to inflation, regulatory pressure, and lack of investor interest in the sector. Despite efforts to maintain the workforce, the difficult financial context and regulatory pressures led to the ultimate decision to cease operations.
In March 2023, strict regulations on “quick commerce” led to significant challenges for players in the sector. Companies like Getir, Frichti, and Gorillas faced liquidation or withdrawal from the French market. While some companies did not survive this competitive landscape, others have positioned themselves in the niche to continue capitalizing on the growing market.
Players in the quick commerce sector faced intense competition and aggressive promotions, leading to economic challenges for many companies. The model operated at a loss to retain customers and gain a competitive edge. However, recent bankruptcies and withdrawals may lead changes in the industry as companies adapt to shifting market dynamics and regulatory environments.