New York City’s delivery fee cap is hampering the potential sale of Grubhub, owner Just Eat Takeaway.com (JET) said Wednesday. The cap, which limits third-party delivery commissions to 20% of the order total, is currently under review by the City Council and the subject of a lawsuit from Grubhub, DoorDash and Uber Eats. Its uncertain …
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Just Eat Takeaway.com NV is finding it difficult to complete the sale of its US business, Grubhub Holdings Inc., because of a combination of high price demands from some investors and a weak market for deals, Chief Executive Officer Jitse Groen said. “We’re talking to buyers still, but it’s a very difficult M&A situation currently,” …
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Sam Nazarian, founder and CEO of the sbe hospitality group and virtual restaurant platform C3, announced the sole acquisition of Nextbite, one of the leading virtual brand providers created by Ordermark founder Alex Canter. Nextbite’s brand name will live on as Nextbite by sbe, further cementing the ongoing evolution that’s merging entertainment, hospitality, food halls, …
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Leading virtual brand company Nextbite has sold its order-management technology platform, Ordermark, to UrbanPiper, a restaurant industry software platform in India. The news comes amid recent layoffs and just ahead of the official sale of Nextbite to Sam Nazarian, founder of sbe Lifestyle Hospitality and virtual restaurant platform C3. In an interview with Food On Demand, Alex Canter, Nextbite …
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Open Tender augments ItsaCheckmate’s third-party ordering and management platform with first-party digital ordering and loyalty capabilities ItsaCheckmate Acquires Open Tender, a First-Party Ordering Platform For Restaurants ItsaCheckmate Acquires Open Tender, a First-Party Ordering Platform For Restaurants NEW YORK, March 21, 2023 (GLOBE NEWSWIRE) — ItsaCheckmate, the center of a restaurant’s digital ordering business, announces the acquisition …
Adam DeWitt, chief executive of Grubhub, is stepping down as CEO of the nation’s No. 3 delivery operator, the company’s European owner, Just Eat Takeaway.com, announced Monday. DeWitt ran Grubhub alongside co-founder and former CEO Matt Maloney for years during its heyday. DeWitt served as the company’s chief financial officer until he became CEO in June 2021, when JET …
CHICAGO–(BUSINESS WIRE)–Chowly, a restaurant technology company that integrates third-party delivery marketplaces with point-of-sale (POS) systems, today announced its acquisition of Koala, a guest experience platform that empowers established and emerging restaurant brands to elevate their digital ordering experience across web, app and kiosk to drive immediate results. The combined business will represent over 16,000 restaurant locations …
With Koala’s enterprise-level digital ordering capabilities, Chowly will be able to offer a user-facing tool for its small and midsize restaurant clients. Prior to buying Koala, the company’s first acquisition, Chowly’s management knew it wasn’t interested in a buyout for consolidation alone, Chowly CEO Sterling Douglass said. Finding an acquisition target with a complimentary culture and …
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CHICAGO–(BUSINESS WIRE)–Chowly, a restaurant technology company that integrates third-party delivery marketplaces with point-of-sale (POS) systems, today announced its acquisition of Koala, a guest experience platform that empowers established and emerging restaurant brands to elevate their digital ordering experience across web, app and kiosk to drive immediate results. The combined business will represent over 16,000 restaurant locations …
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 …
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