Just Eat Takeaway.com Puts Grubhub Up for Sale
Following months of speculation and activist investor tumult, Amsterdam-based Just Eat Takeaway.com announced its intent to sell Grubhub or explore introducing a strategic partner less than a year after completing its $7.3 billion acquisition of the third-largest U.S....
Moody’s Downgrades Grubhub
Moody’s Investors Services, the highly visible bond credit rating business, downgraded its outlook for Grubhub while maintaining a stable outlook for the third-largest U.S. restaurant delivery provider. The ratings firm cited erosion in Grubhub’s liquidity, sustained...
Just Eat Takeaway Completes Grubhub Acquisition, Adam DeWitt is New CEO
It’s been a slow roll toward the finish line, but Amsterdam-based Just Eat Takeaway.com completed its acquisition of Grubhub in an all-stock transaction that represents JET’s entry into the U.S. food delivery market. Grubhub President and CFO Adam DeWitt was named...
Grubhub Volumes Increase, Quarterly Loss Widens
A global pandemic shifting an enormous portion of restaurant orders to off-premises channels hasn’t been enough to nudge Grubhub into profitability, as the Chicago-based company reported third-quarter results showing yet another jump in order volumes, but a wider loss...Packaging Summit Block
September 26 & 27 2022
The Off-Premises Packaging Summit as a forum for the industry to connect, collaborate, and construct new solutions specifically for the takeout and delivery market.
