Just Eat Takeaway shares set to soar ahead of H1 earnings

Just Eat Takeaway.com has seen its share price outperformer the broader market, driven by its inorganic growth strategy and an uptick in consumers ordering take out amid government-imposed lockdowns due to Covid-19. The online food delivery company only recently rebranded following the merger of Just Eat and Netherlands-based Takeaway.com earlier this year, with the enlarged group announcing […]

GrubHub Ruling Draws New Line in Battles Over Driver Arbitration

Seventh Circuit clarifies when drivers engage in ‘interstate commerce’ Courts uphold arbitration pacts for local drivers, not ‘last mile’ workers If local Grubhub Inc. drivers deliver a restaurant’s desserts made from chocolate that traveled all the way from Switzerland, should that be enough to keep their wage claims in court? The Seventh Circuit recently said no, drawing […]

Grubhub Reports Shaky Growth Going into JET Transaction

Grubhub (NYSE: GRUB) reported strong second-quarter results and gave a few updates on the Just Eat Takeaway.com (JET) transaction. The company released the results without an earnings call as the company has chosen not to hold calls until the close of the JET acquisition. Revenue and user growth continued on the solid trajectory seen in […]

Forsyth County restaurants ‘put off’ by delivery app GrubHub’s tactics

Dutch Monkey Doughnuts said the store, off Atlanta Highway, offers in-store or drive-thru pickups for their products but don’t offer any delivery options.  That made it a surprise when Dutch Monkey’s owners found out customers were getting deliveries of their doughnuts through GrubHub, a company that offers delivery services for restaurants that don’t usually deliver.  […]

Colfax Deli Ditches Delivery After Abusive Driver Incident

Vince Howard opened Tessa Deli at 5724 East Colfax Avenue last November, and quickly had to change gears just a few months later because of the coronavirus pandemic. The chef was no stranger to running restaurants, having operated a similar deli in Los Angeles before moving to Denver, but this was a different kind of change. Like […]

Grubhub and Postmates Are Actively Defying Portland’s New Delivery Fee Law

Three weeks after Portland City Council passed a new ordinance capping fees on food delivery apps at 10 percent, two companies — Postmates and Grubhub — are still flouting the rules, and taking fees of up to 30 percent from local restaurants. In early July, City Council unanimously passed a fee cap to help small businesses struggling […]

Uber Eats offers NYC restaurants a break on fees

The food delivery wars are back on. Just three weeks after its offer to buy Grubhub crumbled, Uber is going on the offensive with a plan to steal its former potential partner’s Big Apple clients, The Post has learned. Starting on Tuesday, Uber’s food delivery arm, Uber Eats, began telling New York City eateries that […]

Grubhub defies SF’s commission cap, hikes restaurant fees again

On Friday, June 12 — the first day San Francisco restaurants could officially reopen for outdoor dining — Kagawa-Ya Udon owner Katherine Chaio got an email from Grubhub notifying her that its rates were going up. In April, San Francisco Mayor London Breed announced a temporary limit on the commission that third-party food delivery companies can charge […]

DoorDash Close to Securing More Funding, $15B Valuation

DoorDash is close to securing a new round of funding that would value the company at over $15 billion, according to the Wall Street Journal, which cited sources close to the matter.  The delivery service plans to sell hundreds of millions of equity to its exiting backer T. Rowe Price Group Inc. as well as Fidelity […]

The Just Eat Takeaway share price has plunged! Here’s what I’d do about the FTSE 100 stock now

Just a few days ago the FTSE 100 food delivery provider Just Eat Takeaway (LSE: JET) touched impressive highs. But the rise in the JET share price to £90+ levels was short-lived. In a span of days it has fallen by more than 18%. It’s now at levels last seen during the stock market crash, triggered by JET’s takeover […]