Amazon has agreed to take a 2 percent stake in Just Eat Takeaway.com’s struggling U.S. meal delivery business Grubhub and will offer its Prime members access to the service for one year. The deal is a major relief for Just Eat Takeaway, Europe’s largest meals company, whose stock had fallen 70 percent this year. Shareholders…
Amazon Teams up With Just Eat on US Food Delivery With Grubhub Investment
Just Eat Explores Grubhub Sale as It Sees Corrections Following Pandemic Recovery
Just Eat Takeaway.com NV. weighed a partial or complete sale of its Grubhub unit less than a year after buying it for $7.3 billion. Just Eat Takeaway.com explored strategic actions for the U.S. division after losing an unusually high level of customers across its key markets, Bloomberg reports. CEO Jitse Groen saw the business as an essential part of industry…
Just Eat Takeaway Maintains 2022 Forecasts as Orders Climb
January 13, 2022
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AMSTERDAM—Just Eat Takeaway.com, Europe’s largest meal delivery company, reported a 14 percent increase in orders in the fourth quarter on Wednesday in line with expectations and maintained its financial forecasts for 2022. In a trading update, the company said it had delivered 273.7 million orders in the fourth quarter of last year, up from 240.4…
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