Just Eat Takeaway considering sale of Grubhub

Dive Brief: Just Eat Takeaway is “exploring the introduction of a strategic partner into and/or the partial or full sale of Grubhub,” the company said in its Q1 2022 earnings release on Wednesday. JET originally bought Grubhub in 2020.  JET CEO Jitse Groen confirmed with analysts on the call that management is having active discussions around Grubhub, …

Activist investor: JET’s Grubhub purchase is a ‘capital allocation mistake’

Dive Brief: Cat Rock Capital Management, which owns 14.8 million shares in Just Eat Takeaway.com, published a letter to JET’s shareholders Monday advising them to vote against JET’s CFO and legacy supervisory board during the company’s Annual General Meeting on May 4.  The company claims that since JET purchased Grubhub two years ago, JET’s market value declined …

For the first time in more than 20 years contraction of the brilliant growth Just Eat-Takeaway

Dutch meal delivery company Just Eat-Takeaway, the parent company of Thuisbezorgd, was accustomed to 10, 20 or sometimes 50% growth for years, but those days are over. Orders fell for the first time since its inception in 2000. Worldwide, the company processed 3 million orders less than a year ago and almost 10 million less …

Just Eat’s Grubhub deal has been a terrible takeaway experience

The secret to successful food delivery is to manage a speedy pick up and drop off without letting the grub go cold or misplacing half the order on the way. The mouthful that is Just Eat Takeaway.com may do all right handling dinner from the local pizza place or kebab shop. But in its corporate …

Just Eat Takeaway weighs Grubhub sale as pandemic boost fades

Company may sell Grubhub, bought last year for $7.3 billion Takeaway reports 1% fall in Q1 orders as COVID boon wanes Operations to focus on growing order size, cutting costs AMSTERDAM, April 20 (Reuters) – Europe’s biggest meal delivery company Just Eat Takeaway.com (TKWY.AS) is looking at selling U.S. arm Grubhub less than a year after buying …

Just Eat Takeaway considers selling US arm Grubhub as orders fall

Just Eat Takeaway is considering selling off its Grubhub arm after reporting a decline in orders compared with bumper levels during Covid lockdowns. The online food ordering company said orders dropped by 1% to 264.2m in the first three months of 2022 as it struggled when trying to match the pandemic-boosted levels from a year …

Just Eat downgrades growth forecast and mulls sale of Grubhub bought only last year

Just Eat has downgraded its annual growth expectations while reporting a fall in orders during the first three months of its financial year, bolstering fears of a global consumer spending slowdown. Europe’s biggest meal delivery platform also revealed it had bowed to investor pressure on the future of Grubhub, the US business it bought last …

Just Eat Takeaway.com Posts 2021 Loss; Might Surrender Majority In GrubHub

Just Eat Takeaway.com TKWY.AS, Europe’s largest meal delivery company, reported a smaller-than-expected full-year core loss on Wednesday 2 March and upheld its growth targets for 2022 even as the effect of a COVID-19 pandemic-driven boost in online food ordering wanes. Shares And EBITDA Its shares, which have lost half of their value over the past year, rose 4.4% …

GRUBHUB PARENT JUST EAT TAKEAWAY TO DELIST FROM NASDAQ

Grubhub parent company Just Eat Takeaway (JET) will no longer be a publicly traded entity in the U.S. The Amsterdam-based delivery provider said Tuesday that it will delist from the Nasdaq stock exchange sometime in the first quarter of 2022. It cited its low share price and the low percentage of its total shares held …

Just Eat Takeaway shifts to a lower gear

Growth at Just Eat Takeaway has slowed down considerably over the fourth quarter. Nevertheless, the meal delivery company is gradually pedalling towards profit: the margin will still be negative this year – but only just. 1.1 billion orders Just Eat Takeaway received a third more orders in 2021 and reached the one billion mark: in total, the company …