Takeaway CEO says he wants partnerships, not sale, for Grubhub

AMSTERDAM, Nov 17 (Reuters) – Food delivery company Just Eat Takeaway.com (TKWY.AS) has no plans to sell its U.S. subsidiary Grubhub, the company’s chief executive said on Wednesday, but it is actively looking for strategic partnerships for the business. Takeaway bought Grubhub for $7.3 billion in June, but has since faced calls from investors to sell it …

Grubhub looks to the future with new partnerships, new ways to order

Grubhub and Just Eat Takeaway stole headlines earlier this year when they completed one of the largest mergers ever in the meal delivery sector. We sat down with Grubhub’s Liz Bosone, Senior Director, Restaurant Success, to find out what Grubhub is up to post-acquisition and what readers can expect to hear from the company at the …

Is Just Eat Takeaway Choking on Grubhub?

Key Points Just Eat Takeaway’s revenue is growing across all markets, including in the U.S. Some of its subsidiaries have positive EBITDA, while others, including Grubhub, are in the red. Activist investor Cat Rock Capital wants the company to sell Grubhub; Just Eat is refusing to. Shares of multinational food delivery business Just Eat Takeaway (NASDAQ:GRUB) have continued …

ACTIVIST INVESTOR URGES JUST EAT TAKEAWAY TO SELL GRUBHUB

An activist investor is urging Just Eat Takeaway.com to sell or spin off Grubhub by year’s end, arguing that the recently acquired company is hurting JET’s value.  Cat Rock Capital, which owns 6.5% of JET’s outstanding shares, made its case Monday in a letter to the company’s board. It said that JET’s stock had been outperforming the …

Just Eat CEO says Grubhub will be part of US delivery consolidation

AMSTERDAM (Reuters) – The chief executive of Just Eat Takeaway.com said on Thursday he expects newly acquired Grubhub to eventually be part of a consolidation in the U.S. delivery market, but signalled he is not currently open to selling the business. “Over time there will inevitably be consolidation in the wider U.S. on-demand delivery market, …

Just Eat Takeaway Aims for Reset Button as Shares Trail Rivals

(Bloomberg) — After watching its share price plunge and investor pressure ratchet up over the past year, Europe’s Just Eat Takeaway.com NV needs to address concerns over its strategy at an investor day on Oct. 21. The Amsterdam-based business was removed from the FTSE 100 benchmark stock index last month, its share price trails rivals, …

GrubHub founder Matt Maloney leaves 4 months after company was acquired

Grubhub founder Matt Maloney is leaving the food-delivery giant just four months after it was acquired by a European conglomerate. Amsterdam-based Just Eat Takeaway bought Grubhub, which also owns Seamless, in June for $7.3 billion, naming a new chief executive — former president and chief financial officer Adam DeWitt — to succeed Maloney who was bumped …

Grubhub founder quits four months after Just Eat deal

The founder of US food delivery platform Grubhub has quit the business just four months after it was bought by UK-listed rival Just Eat Takeaway. Matt Maloney joined the Just Eat Takeaway board in June but has since stepped down to “pursue other opportunities”, the company said. Just Eat boss Jitse Groen said: “Great entrepreneurs …

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 …