Quiver, a London company that handles ship-from-store delivery, returns and exchanges for high-street retailers, bought Stuart, a last-mile delivery platform, from Munich investment firm Mutares for an undisclosed price. Stuart runs on-demand deliveries for grocers, restaurants and retailers in the UK, France and Poland, and it brings in about €50 million in annual revenue. Mutares bought Stuart from Geopost in 2023 and spent three years cutting costs, but Stuart was still losing money when Mutares agreed to sell it, and the company now says it’s on track to turn a profit on its own by early 2027. Quiver and Stuart will keep separate brands for now while sharing technology and operations, and the two plan to take Stuart’s delivery service into premium retail.
