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. …

DoorDash Claims Customers Prefer to Order Direct Over Third-Party

Consumers would rather order delivery directly from a restaurant as opposed to a third-party provider. In its recent trend report, polling 1,525 respondents, DoorDash found 43 percent of its customers prefer to order delivery through a restaurant’s website or app, whereas 27 percent prefer to order delivery through a third-party delivery platform, and 16 percent …

Zomato’s IPO to hit market from July 19; 10 things you MUST know about this much waited listing

New Delhi | Jagran Business Desk: Food delivery service Zomato is expected to start the subscription for its initial public offer (IPO) from July 19 at a price band of Rs 70-72 per share. The offer size of Zomato’s IPO will likely be as much as Rs 9,375 crore at this price, making it the second-biggest …

Grubhub promotes CFO Adam DeWitt to CEO

Dive Brief: Following the Tuesday closure of Just Eat Takeaway.com’s acquisition of Grubhub, Matt Maloney, Grubhub founder and CEO, has become a member of JET Management Board while Grubhub President and CFO Adam DeWitt has been promoted to CEO, according to a press release.  Maloney will be one of four executives running the global business, with …

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 …

DoorDash and Uber Eats Are Hot. They’re Still Not Making Money.

Food-delivery companies did record-breaking business during the pandemic, as millions of homebound Americans embraced the idea of ordering dinner via smartphone apps. Their valuations skyrocketed. They acquired reams of data that helped increase their efficiency. There was just one problem: Even at the height of their success, they weren’t making any money. Now, as the …

Flat-fee dining delivery service enters Oak Park market

While restaurants are opening-up and dine in business is on the rise, the pandemic has made ordering dinner a habit for many people and delivery demand remains high in the food industry. And that change in customer behavior is likely to keep restaurants searching for affordable delivery options in the face of DoorDash and Grubhub’s …

DoorDash boosts revenue nearly 200% despite driver shortage

Dive Brief: During its first full quarter as a public company, DoorDash grew revenue by 198% to $1.1 billion, orders rose 219% to 329 million and marketplace gross order volume increased 222% to $9.9 billion year over year, according to a shareholder letter detailing the company’s Q1 earnings. Net income, however, was at a loss of …