Just Eat slashes profit guidance for year and mulls sale of Grubhub April 20, 2022 Just Eat has said it has lowered its profit guidance for the year and is mulling the sale of its US arm Grubhub. The delivery service said that “management is currently, together with its advisers, actively exploring the introduction of a strategic partner into and/or the partial or full sale of Grubhub.” “There can be [...]
Domino’s pins hopes on World Cup boost and Just Eat tie-up after VAT hit eats away sales November 10, 2022 Domino’s Pizza said this morning the company saw sales fall after a VAT hit and as it came up against last year’s boost from the Euro football tournament, but is eyeing a strong end to 2022 amid the upcoming World Cup. The UK and Ireland takeaway pizza giant saw like-for-like system sales, excluding so-called split [...]
Just Eat teams up with McDonald’s to drive home delivery efficiencies March 22, 2022 European takeaway giant Just Eat Takeaway.com has entered a "long-term global strategic partnership" with McDonald's as the delivery firm tries to remain profitable in a post-pandemic world.
Activist Cat Rock urges Just Eat Takeaway shareholders to drive out board April 25, 2022 Activist investor Cat Rock Capital has written to Just Eat Takeaway’s shareholders and outlined its concerns in a failure of leadership. Shareholders have been urged to vote against the chief financial officer and legacy supervisory board at the delivery firm’s next AGM. Potential in the company was going to waste due to “poor capital allocation, [...]
Grubhub founder toyed with grabbing firm back following £5.8bn Just Eat sale June 5, 2022 The businessman behind Grubhub attempted to buy back the company he sold to Just Eat Takeaway for $7.3bn (£5.8bn) last year after the firm struggled to gain momentum in the States.
Just Eat revenue jumps a third as it mulls pulling out of Portugal and Norway March 2, 2022 Just Eat Takeaway.com enjoyed a revenue jump of more than a third in 2021, dwarfing its pandemic figure by some €1.3bn (£1bn). The Amsterdam-based delivery giant pulled in €5.3bn (£4.4bn) in the 12 months, up from €4bn (£3.3bn) in 2020 when it reaped the rewards of homebound consumers itching to eat out under lockdown restrictions. [...]
JustEat parent company withdraws from Nasdaq to stick with London listing February 8, 2022 JustEat's parent company Just Eat Takeway.com has delisted its shares from the US Nasdaq stock exchange as it looks to drive down costs and avoid regulatory pressures.
Just Eat enters grocery delivery market race with Asda deal December 17, 2021 Just Eat has waded into the escalating market battle over rapid grocery deliveries, unveiling a deal with supermarket chain Asda.
Just Eat chief says Nasdaq departure doesn’t spell Grubhub sale February 13, 2022 Just Eat chief Jitse Groen has said that the firm’s decision to de-list from the Nasdaq should not be taken as an indication of plans to sell its Grubhub subsidiary. The firm first launched in US markets in June last year as it snapped up US delivery firm Grubhub for $7.3bn, but said it would [...]
Just Eat urged to spin off Grubhub ‘quickly’ at AGM as shares plunge after investigation into top boss May 4, 2022 Just Eat Takeaway shareholders approved resolutions to reappoint key board members despite criticism from its activist investor. The delivery service made headlines ahead of its AGM on Wednesday morning, with news of the departure of its chairman and an investigation into its COO. However, despite pressure from activist investor Cat Rock last month, shareholders of [...]