The decision to cease operations was announced due to economic and financial challenges faced by Epicery, which they were unable to overcome despite best efforts.
Epicery experienced significant strain from inflation, which prompted customers to reconsider their spending on premium groceries, impacting their sales and profitability.
Geopost noted that they concluded Epicery's profitability was seriously impacted by market developments, alongside a post-COVID shift back to direct local consumption.
Once riding high during the pandemic, Epicery's financial struggles were made evident by a negative Ebitda of -€4.69 million against €2.57 million in sales.
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