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groupon south africa news : Groupon closed find out why

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For some years groupon south africa has been one of the best website to find great deals on anything you want until groupon closed this friday

Groupon closed down but prior announcement was given before groupon closes

The announcement was made by south african representatives of  groupon  way before  groupon closed  today november 4 2016 .In fact when you go to groupon official website now https://www.groupon.co.za/pages/home  this is exact message you see

Dear Customer,

You have been redirected here as you have tried to access the Groupon South Africa website.

We are sorry to inform you that as of 4 November 2016 Groupon has wound down its operations in South Africa and we are unable to offer you any deals today.

For our customers, this means we will stop offering deals on our website from tonight. All current vouchers bought will remain valid until the date stated on the voucher. The terms and conditions on the voucher remain the same. For any customers who are uncomfortable with using their voucher, we are offering a cash refund option if they contact us

before 30 Nov 2016. Goods purchased purchased up to 4 November will be fulfilled. Should you need to return a Goods item you purchased, please do such before 30 November.

If you need to speak to a member of the team about your Groupon you can contact us via telephone on 021 201 7100 or email at support@groupon.co.za before 30 November.

If you are one of our merchants and require further information please contact us via telephone on 021 201 7046 or by email at partnersupport@groupon.co.za.

We are sorry not to be able to offer you any great deals today but thank you for your interest in Groupon.

 

groupon closing down main reason

It is natural for businesses to close down when profits margin is little or when there are new strategies and structures to be implemented and groupon is no exception
Its financial results for the quarter ended 30 September 2016 showed a net loss of $35.8m. This shows the company is making more looses than gains

Conclusion on Groupon closed

We are sad to see our favorite deals site groupon closed , the main worry hear is the hundreds and thousands of people who are going to be jobless. Groupon is also in the process of acquaring livingsocial and merging it with their core technology perhaps the people will be able to retain their jobs as groupon closes

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