Glovo Finalizes Liquidation of Andorran Subsidiary, Exiting Market
Delivery giant Glovo has completed the dissolution of GlovoApp SLU in Andorra, marking its full withdrawal after operations ceased in October 2023.
Key Points
- Operations ended 1 October 2023 after strategic review.
- Liquidation finalized via BOPA publication on 11 March 2026.
- Founder Òscar Pierre Miquel oversaw closure with Augé Group advisors.
- Venture failed due to low demand, operational issues, and lawsuits over unpaid bills.
Glovo has finalised the liquidation of its Andorran subsidiary, GlovoApp SLU, as announced in the Butlletí Oficial d'Andorra (BOPA) this week, confirming its complete withdrawal from the Principat.
The delivery service ended operations on 1 October 2023, after a strategic review of investment priorities. Founder Òscar Pierre Miquel managed the closure process, assisted by a legal and tax advisor from Augé Group consultancy. Even after halting services, the firm briefly retained loose ties to some local establishments before severing them entirely.
The publication in the BOPA on 11 March 2026 marked the final administrative step, with further confirmation reported the following day. Glovo's entry had generated buzz post-pandemic, as startups eyed Andorra's potential for on-demand deliveries. However, insufficient customer demand and operational shortcomings doomed the effort, resulting in a subdued exit overshadowed by challenges.
Early on, in 2022, questions arose over whether Glovo was truly active through a legitimate local entity. By 2024, at least two companies had filed lawsuits claiming unpaid bills. Despite ambitions to capture the home delivery market, the venture faltered steadily, culminating in this definitive dissolution.
Original Sources
This article was aggregated from the following Catalan-language sources: