FEE CAPS TAKE A BITE OUT OF JUST EAT TAKEAWAY’S U.S. PLANS

Just Eat Takeaway (JET) has been very clear about its plans for the U.S. and the newly acquired Grubhub business: Identify markets where the company is strongest and invest, invest, invest. The crown jewel of that strategy is New York City, historically a Grubhub stronghold and an enormous restaurant market. Unfortunately for Amsterdam-based JET, the Big …

Just Eat Takeaway faces pressure from top shareholders

Just eat Takeaway.com Is one of Europe’s largest food delivery companies with a market value of $ 17.8 billion. However, one shareholder believes that Grubhub owners should be more valuable. “JET’s terribly flawed communications have become the worst performing online food delivery stock in the last two years, despite its strong operational track record,” Catlock Capital …

Just Eat ups guidance after UK delivery orders soar 733% as it takes on Deliveroo and UberEats

JustEat Takeaway.com has upgraded growth guidance after seeing UK orders soar by 733% as the global food delivery giant takes on Deliveroo and UberEats. The FTSE 100 firm, which trades as Just Eat in the UK, said in a trading statement that it saw first half group orders up 61% on the same period in 2020. Orders grew by 733% UK-wide in the period, …

SEAMLESS BRAND WILL CEASE TO EXIST UNDER NEW OWNER JUST EAT TAKEAWAY

Food delivery company Seamless, a subsidiary of Grubhub since 2013 and one of the oldest online ordering services in the U.S., will soon cease to exist as its own brand. New owner Just Eat Takeaway.com (JET) plans to transition the business to Grubhub later this year, creating a single U.S. entity in line with its strategy in other markets. …

Grubhub Responds to Multiple Merger Lawsuits

A year after entering a merger plan with Just Eat Takewaway.com, Grubhub is defending itself against a handful of shareholder lawsuits. In all, 14 lawsuits have hit the courts alleging various issues in the merger agreement. One suit alleges the company violated key Securities Exchange Commission (SEC) guidelines, another alleges the sale process was flawed …

GRUBHUB’S NEW OWNER OFFERS GLIMPSE OF POTENTIAL U.S. STRATEGY

Just Eat Takeaway.com on Wednesday laid out its plan to gain market share by expanding its delivery network, investing in customer acquisition and lowering fees across its 23 global markets—which will soon include the U.S. The Amsterdam-based delivery company is in the process of acquiring Grubhub in a $7.3 billion transaction set to be completed in the first half of …

Just Eat Takeaway sales soar 54% in 2020 as pandemic shifts eating habits

Food delivery group Just Eat Takeaway recorded ballooning sales – and losses – during the Covid pandemic as families shifted to dining at home. The group, formed by the £6bn merger of London-listed Just Eat and Dutch group Takeaway.com last year, said sales soared 54% in 2020 but operating losses mounted to €107m (£92m) from €78m a …

Just Eat Takeaway.com sees growth in 2021 even as pandemic eases

AMSTERDAM (Reuters) – Just Eat Takeaway.com expects further growth in 2021 after a surge in business during the COVID-19 pandemic helped it meet expectations for full-year 2020 earnings, the online food-ordering and delivery company said on Wednesday. It expects to win market share in Britain in 2021, and achieve revenue growth, despite plans by rival …

Grubhub: Justeats Bet On The Wrong Horse

Summary Grubhub stock will be moving towards $75.15 in H121 (from the current price of $74) as the merger with Justeats gets regulatory approval. The foodtech market in general is a “winner takes all market” with companies striving to gain >50% market share. Grubhub has been the biggest loser in the food-delivery space as Doordash …

Dutch firm’s shareholders vote yes to Grubhub buy, no to CEO’s pay

Just Eat Takeaway.com, the online food-ordering company, on Wednesday said its shareholders approved its proposed $6.9 billion purchase of rival Grubhub, but rejected a pay package for the company’s chief executive, Matthew Maloney. Takeaway agreed in June to buy Grubhub in a deal to create a transatlantic group which would be the biggest food delivery business outside …