Netherlands-based firm offloads unit to fast casual restaurant chain Wonder for $650m four years after buying it for $7.3bnThe food delivery company Just Eat Takeaway is selling Grubhub to the delivery-focused restaurant chain Wonder for $650m (£510m), only four years after buying the US app in a multibillion-dollar tie-up after the first Covid lockdowns.The Netherlands-based Just Eat, which is Europe’s largest meal delivery company, had been looking to offload its US unit since as early as 2022, as the pandemic-fuelled boost to online food shopping faded and it grappled with tough competition. Continue reading…
Source link : https://www.theguardian.com/business/2024/nov/13/just-eat-takeaway-to-sell-us-arm-grubhub-in-cut-price-deal
Author : Joanna Partridge
Publish date : 2024-11-13 10:05:00
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Just Eat Takeaway to sell US arm Grubhub in cut-price deal
