Jumia Looks Beyond Profit Target With Plan to Spin Off Units
Jumia Looks Beyond Profit Target With Plan to Spin Off Units Bloomberg 12/10/2020 (Bloomberg) -- Jumia Technologies AG is looking beyond an immediate target of generating a profit from its pioneering African e-commerce business, laying out longer-term plans to spin off divisions and enter new countries. The question of when the Berlin-based company will become profitable has hung over the group since a high-profile New York listing in 2019. And while Jumia has been careful in recent months not to set itself a deadline, co-Chief Executive Officer Sacha Poignonnec said it’s time to lay the...
Source: msn.com