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CORPORATE FRANCHISE BUSINESS OPPORTUNITY IN INDIA

Urban Company winds up operations in Saudi Arabia

Home services giant Urban Company has ceased its operations in Saudi Arabia following the cancellation of its subsidiary's commercial registration. This voluntary winding-up process, initiated in late 2025, marks a strategic shift for the company as it prioritises profitability over expansion. The firm recently reported a significant increase in net loss, attributed to higher spending on its domestic-help service.

from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/e-commerce/e-tailing/urban-company-winds-up-operations-in-saudi-arabia/131462324
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