Just Eat Takeaway.com Archives - Maritime Shipping News

Honeymoon’s over: Just Eat Takeaway considers selling Grubhub

21 April 2022

One year appears to be all that Just Eat Takeaway could handle in the U.S. market. The German delivery company acquired U.S-based Grubhub last summer for $7.3 billion but now it is exploring a potential sale of Grubhub less than a year later.

“The management board confirms its alignment with shareholders in wanting to both create and realize value from the company’s highly attractive portfolio of assets. As such, management is currently, together with its advisers, actively exploring the...

https://www.freightwaves.com/news/honeymoons-over-just-eat-takeaway-considers-selling-grubhub

Food delivery apps face EU crackdown: Are US companies next?

7 December 2021

Companies like Uber, Lyft and DoorDash could feel the heat in the U.S. when EU lawmakers rule on gig worker classification this week

Third-party food delivery companies in Europe aren’t doing so hot. The European Commission, the executive branch of the EU, is scheduled to meet this week to propose what speculators believe will be stricter labor rules to regulate the gig economy in the region.

Specifically, reports suggest that the commission will require gig companies to directly employ their couriers, rather than classify them as independent contractors. On the heels of that news, investors have soured on food delivery...

https://www.freightwaves.com/news/food-delivery-apps-face-eu-crackdown-are-us-companies-next

Grubhub sees strong revenue growth, but reports surprising quarterly loss

28 April 2021

Grub posts revenue increase, quarterly loss

Grubhub (NYSE: GRUB) posted 52% revenue growth in Q1 2021 on revenues of $551 million compared to $363 million in Q1 2020, it said on Wednesday after market close.

Gross food sales grew 60% year-over-year to $2.6 billion, up from $1.6 billion in the first quarter of 2020, and the company said it saw high-single-digit year-over-year growth in orders.

“We are proud of our continued role in helping restaurants grow their businesses and supporting the communities where they operate. Our team...

https://www.freightwaves.com/news/grubhub-sees-strong-revenue-growth-but-reports-surprising-quarterly-loss

Uber, Just Eat CEOs trade Twitter barbs following Uber Eats German entrance

21 April 2021

Uber Eats (NYSE: UBER) will enter the German market in the next few weeks, going head-to-head with Just Eat Takeway.com in that country for the first time. The CEOs of both firms are now trading barbs on Twitter.

The news was first reported by the Financial Times.

“Europe in particular has been a bright spot for [Eats], both in terms of some of the growth we’ve seen, but also, frankly, in terms of the strengthening of our market position,” Pierre-Dimitri Gore-Coty, Uber’s senior vice president of...

https://s29755.pcdn.co/news/uber-just-eat-ceos-trade-twitter-barbs-following-uber-eats-german-entrance