Just Eat Takeaway’s Q1 orders ‘disappoint’, shares fall

Just Eat Takeaway reported first-quarter orders below expectations on Wednesday, sending its shares 5% lower. Favoured by investors during the pandemic, shares in delivery firms have moved off those highs in the past two years amid a rampant churn rate. However, they have recouped some losses this year thanks to a rapid margin recovery on …

Just Eat Takeaway held back in 1st quarter by 10% sales decline in US

Just Eat Takeaway.com NV on Wednesday said it has started the year well, with an acceleration in gross transaction value growth in the UK and Ireland, though the food ordering platform still struggled in the US, where it continues to explore a sale of Grubhub. The weakness in the North America division, comprised of 2021 …

Wonder Invests Further in Delivery, Acquires Relay

After a year-long partnership, Wonder has acquired Relay, a New York City-based delivery service.  The move is part of the food hall concept’s strategy to streamline delivery operations.  Relay maintains its own fleet of contracted couriers, mainly on bikes, completing restaurant deliveries for an hourly rate. Relay maintains its own fleet of contracted couriers, mainly on bikes. …

C3’s Sam Nazarian Talks Purchase of Kitchen United Assets, Outlook on Ghost Kitchen Space

Sam Nazarian, CEO of digital restaurant company C3 and sbe hospitality group, has acquired Kitchen United’s IP (intellectual property) and ghost kitchen-related assets.  Once a leader in the ghost kitchen space, Kitchen United shuttered its physical locations late last year. The virtual commissary operator combined elements of delivery technology, real estate and virtual restaurant brands …

ChowNow Acquires Cuboh Software

Online restaurant ordering-managing platform ChowNow Inc. has acquired online ordering consolidation platform Cuboh Software Inc. in a move to expand its offerings and integrate with more point-of-sales systems. Culver City-based ChowNow doesn’t charge commission fees to restaurants and promotes itself as a more restaurant-friendly alternative to ordering applications such as GrubHub, DoorDash and Uber Eats. GrubHub, DoorDash and Uber Eats charge a commission …

It was one of Louisiana’s most popular tech startups. What went wrong at Waitr?

Waitr’s meteoric rise as a tech startup was eventually pulled down by an ill-advised acquisition, a dwindling amount of cash and years of declining revenue, an Acadiana Advocate analysis revealed. The delivery company, which was acquired by Texas millionaire Tilman Fertitta’s Landcadia Holdings in 2018 for $308 million and later rebranded as ASAP in 2022, …

ChowNow acquires digital order integrator Cuboh

Online ordering provider ChowNow is acquiring Cuboh, a company that allows restaurants to streamline incoming orders from third-party delivery apps. ChowNow said the deal will make its offering for independent restaurants more comprehensive and help them clean up jumbled tech stacks. It will also increase the number of POS systems that can integrate with ChowNow’s …

ASAP delivery service previously known as Waitr files for bankruptcy

Waitr Holdings filed for Chapter 7 bankruptcy on April 2, with plans to liquidate any of the company’s assets ASAP, the food delivery service formerly known as Waitr, has shut down after the company filed for Ch. 7 bankruptcy, according to an 8-K form filed with the U.S. Securities and Exchange Commission on April 2. According to …

ASAP delivery service files for Chapter 7 bankruptcy

The restaurant delivery company formerly known as Waitr is no more. The Louisiana-based provider, which rebranded as ASAP in 2022, filed for Chapter 7 bankruptcy Tuesday and ceased operations.  It had been struggling amid competition from bigger delivery companies like DoorDash and Uber Eats for years. Its revenue and corporate headcount declined sharply last year …

Parent company for Louisiana-based Waitr food delivery service files for bankruptcy

Waitr Holdings, the parent company for the company formerly known as Waitr and several other subsidiaries, has filed for Chapter 7 bankruptcy. The company announced the move in a document filed Tuesday with the U.S. Securities and Exchange Commission. It comes after the company now known as ASAP announced on Friday it would cease operations …