Just Eat Takeaway.com explores sale of Grubhub less than a year after purchase

▤ Summary

Just Eat Takeaway.com, Europe’s biggest meal delivery company, has announced a series of steps to revive its business fortunes. After seeing record orders during the pandemic, the food delivery giant has come under pressure from investors. With its shares having lost two-thirds of its value since October, 2020, CEO Jitse Groen has revealed some drastic moves. One of the biggest surprises was Just Eat Takeaway.com‘s announcement that it is looking to sell US-based Grubhub less than a year after buying it. Some of the decisions being announced as part of a trading update reflects the industry belief that consumer spending could slow for food delivery companies.

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