Taco Bell parent Yum sues Grubhub for alleged violation of delivery deal

NEW YORK (Reuters) – Taco Bell parent Yum Brands Inc (YUM.N) sued Grubhub Inc (GRUB.N) on Thursday for allegedly violating a delivery contract, a day after Europe’s Just Eat Takeaway.com (TKWY.AS) agreed to buy the U.S. food delivery company for $7.3 billion. Yum invested about $200 million in Grubhub in 2018 and struck a partnership […]

Taco Bell owner sues Grubhub, claiming it violated distribution agreement

Yum Brands is suing Grubhub, alleging it violated the distribution agreement struck in 2018. Grubhub moved to impose new fees on KFC and Taco Bell franchisees after telling Yum that the restaurant company had breached the contract, the lawsuit claims. The lawsuit also claims that Grubhub showed signs that it regretted the contract it struck with […]

Could These 3 Companies Still Buy GrubHub?

Grubhub‘s (NYSE:GRUB) stock popped on Jan. 8 after The Wall Street Journal claimed that the food delivery company was mulling a potential sale. However, most of those gains faded the following day after Grubhub denied the rumors. Grubhub stated that it “unequivocally” isn’t running a sale process and that there were “currently no plans to do so.” But this isn’t the […]

Taco Bell Tests Order Ahead on Grubhub

Taco Bell wants to put its chalupas and double decker tacos in as many hands as possible, and Grubhub is happy to assist. Yum Brands CEO Greg Creed told investors on the company’s first-quarter earnings call on Wednesday that, following Taco Bell’s nationwide rollout of delivery through Grubhub in February, the chain is in the process […]

Pizza Hut Delivery Works, Dine-In Does Not

Pizza Hut’s growth strategy reflects what pizza fans have known for decades: Delivery works. Yum Brands CEO Greg Creed re-explained this strategy on the company’s first-quarter earnings call Wednesday, as Pizza Hut’s struggling dine-in business continues to weigh it down. Dine-in sales lag behind off-premise sales line growth by 7 percentage points, according to the company. […]

Yum! Brands Gets a Boost as Taco Bell Delivery Catches On

KFC and Taco Bell have again propped up parent Yum! Brands Inc., whose total sales topped estimates last quarter, but the company’s Pizza Hut chain is another story. The shares fell the most in almost three months. The rut in its pizza business is showing no signs of abating, even in the U.S. where Yum […]

Grubhub Breaks Down Its Chain Partnerships Strategy

Grubhub has big plans for its enterprise restaurant business in 2019. The company cited its Yum Brands partnership as the model by which it wants to pair up with many other restaurant chains in the future, according to plans outlined during its fourth quarter earnings call on Thursday. Yum poured $200 million into Grubhub back in […]

Yum Brands’ Franchisees Don’t Pay Delivery Fees, Thanks to Grubhub Partnership

When Yum Brands announced its partnership with Grubhub earlier this year, the company made sure that the delivery integration would work out favorably for its franchisees. According to details of the partnership terms discussed at Yum Brands’ annual investor day, Taco Bell and KFC franchise owners aren’t paying any extra delivery fees, but are instead making the same […]

Yum! Brands’ Pizza Hut Acquires QuikOrder to Boost Delivery

Yum! Brands, Inc.’s YUM subsidiary brand Pizza Hut announced that it entered a definitive merger agreement with a leading online ordering software and service provider in the restaurant industry named QuikOrder. The acquisition, which will be the largest one for Pizza Hut till date, is expected to close this month. The acquisition will allow Pizza […]

Yum Drops the Most Since 2015 After Sales Growth Falls Short

Yum! Brands Inc.’s KFC and Pizza Hut haven’t kept up with rivals amid steep fast-food discounting. Comparable sales trailed estimates in the first quarter, as diners flocked to competitors including McDonald’s Corp. and Burger King for inexpensive fast food. That sent the shares down the most in 2 1/2 years. …With delivery becoming increasingly important, Yum Brands in February agreed […]