Caterers/Mobile Food Services

After years of swallowing new businesses, Grubhub’s owner has begun a painful but much-needed purge. On Friday, Amsterdam-headquartered food-delivery company Just Eat Takeaway.com TKWY 30.31% said it would exit its Latin American joint venture. Its existing partner, Prosus, will pay up to €1.8 billion for JET’s one-third stake in São Paulo-based iFood, equivalent to $1.81 billion. Venture capital investor Prosus, also listed in…

Grubhub’s parent company has written down the value of the online food-ordering service by 3 billion euros, equivalent to a little over $3 billion, just a year after buying the pandemic-era darling for $7.3 billion. Just Eat Takeaway.com TKWY 5.37% NV said Wednesday it was taking the impairment because of a reduction in comparable valuations in the sector, among other factors. The Amsterdam-based company said it is continuing to…

Grubhub recently offered New Yorkers a deal that the online food-ordering company hoped many couldn’t refuse: free lunch.The May promotion, which promised $15 worth of free food to people who ordered through Grubhub’s app, overwhelmed Grubhub’s system, with as many as 6,000 takeout and delivery orders coming in each minute at the peak of the promotion. Once the market leader in online restaurant food ordering in the U.S., Grubhub now lags behind DoorDash Inc. DASH 1.11%…

Amazon.com agreed to add Grubhub to its suite of Prime services in the U.S., in a deal that also gives the e-commerce giant the option to acquire a small stake, the parent of the food-ordering company said.Grubhub’s parent, Netherlands-based Just Eat Takeaway.comsaid Amazon has an initial option to take a 2% stake in U.S.-based Grubhub, and U.S. Prime members can have their delivery fees waived from select restaurants. Amazon could bump up its total stake to 15% of Grubhub based on performance terms focused on adding new…

Shares of Just Eat Takeaway.com N.V. hit an all-time low Wednesday after the head of its U.S. division said a sale wasn’t a definite outcome for the company’s Grubhub online food business, which Just Eat is reviewing.Grubhub Chief Executive Adam DeWitt said at The Wall Street Journal Global Food Forum on Tuesday that company parent Just Eat hopes to find a strategic partner to invest in the U.S. online ordering company, and that a sale was possible but not imminent. Shares of Just Eat Takeaway.comN.V. hit an all-time…

CHICAGO—Grubhub Chief Executive Adam DeWitt said company parent Just Eat Takeaway.com NV hopes to find a strategic partner to invest in the U.S. online ordering company, though an outright sale isn’t off the table.In some of his first public remarks about the company since Just Eat said in April it would consider selling Grubhub, Mr. DeWitt said no sale was imminent and that Just Eat was exploring options to strengthen Grubhub as its U.S. division encounters challenges. CHICAGO—Grubhub Chief Executive Adam DeWittsaid…

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