Just Eat Takeaway: Amazon Partnership Could Double Grubhub’s Growth

Summary As Amazon partnered with Grubhub, we estimated its user growth opportunities at 62 mln users by leveraging Amazon’s massive Prime members of 160 mln. With the additional users, we expect this to provide incremental transaction volumes for Grubhub of $3.41 bln per year through 2026. In terms of market share of the food delivery …

Just Eat Sells IFood Stake to Prosus for $1.8 Billion

Just Eat Takeaway.com NV agreed to sell its 33% stake in Latin American joint venture iFood to Prosus NV for as much as 1.8 billion euros ($1.8 billion). The deal fulfills a pledge to investors and will bolster Just Eat’s balance sheet, albeit at a price below a previous offer for the shares. The company …

SELLING A SHARE IN BRAZIL’S IFOOD FOR “UP TO” $1.8 BILLION IS JUST EAT TAKEAWAY

Just Eat Takeaway, a European food delivery and ordering behemoth, has announced that it would sell its investment in Brazil’s iFood to Prosus for up to €1.8 billion ($1.8 billion). A total of €1.5 billion in cash is on the table for the first deal, with an additional €300 million contingent on iFood’s success over …

Grubhub owner jokes about Katy Perry ad as it takes $3B writedown

Just Eat Takeaway.com, Grubhub’s parent and Europe’s largest meal delivery company, on Wednesday reported a smaller loss for the first half of 2022 and maintained growth and margin forecasts for the full year, promising lower spending on costs such as a recent commercial featuring pop icon Katy Perry. Investors lauded the company’s focus on profitability, which …

Just Eat takes £2.5bn hit on Grubhub as takeaway orders dwindle

Just Eat Takeaway.com revealed a 3 billion euro (£2.5 billion) hit over its US-based Grubhub business as it reported a drop in half-year orders after demand eased with the waning of the pandemic-fuelled boom. Total orders fell 7% in the first half of 2022 compared with a year earlier due to the lifting of lockdowns …

Just Eat Takeaway scales back in France as market value drops 84% in 10 months

Just Eat Takeaway is cutting 390 jobs from its workforce in France, constituting part of a broader global restructuring effort as the food delivery giant looks to reverse its recent downturn. Just Eat Takeaway is the result of a $7.6 billion merger between the U.K.’s Just East and Dutch rival Takeaway.com back in 2020. Shortly after, the …

Grubhub CEO: A strong partnership is preferred as company mulls future

Grubhub’s parent company Just Eat Takeaway continues to seek out strategic partnerships as a way to improve its U.S. business.  “The CEO Jitse [Groen] of Takeaway has been very vocal about, ‘Hey my preference is to have a strong partner and continue to have ownership in Grubhub,’” Grubhub CEO Adam DeWitt said Thursday during Wall Street Journal’s Global Food Forum. “A sale …

Just Eat Takeaway plunges to record low as analyst casts doubt on Grubhub sale

– Sale of US firm Grubhub could net less than one-seventh of purchase price – Facing enormous competition in many of its markets – Share price down 67% this year to record low Shares in Just Eat Takeaway (JET) plunged in morning trading after Berenberg initiated coverage of the online food delivery platform with a sell rating, casting doubts …

Troubled Grubhub’s Parent Company Seeks Investment Partner: WSJ

Dutch multinational online food ordering and delivery company Just Eat Takeaway.com NV TKAYF is hit by doubts about whether it can sell its U.S. operation, Grubhub Inc. As per Wall Street Journal, Grubhub CEO Adam DeWitt said the company’s parent hopes to find a strategic partner, though a divestiture cannot be ruled out. In some of his first public …

Just Eat US subsidiary Grubhub signs deal with Amazon

Online giant Amazon will take a stake in Just Eat Takeaway’s US subsidiary Grubhub, in a deal which will also give free food deliveries for Amazon’s US customers. Starting today, Amazon Prime subscribers in the States will also get a free Grubhub+ membership for a year. It means they will not have to pay for …