Delivery News
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NewsJust Eat expects earlier return to profit
Due to progress in improving profitability, the delivery platform expects to generate positive adjusted EBITDA in the second half of 2022
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Deliveroo donates one million meals
Since launching the function allowing customers to round up the cost of their order, Deliveroo has donated one million meals to charity
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Papa John’s to open first modular pod
The pizza chain has delivered its first modular pod unit to a Haven’s resort in an initiative to offer flexible opportunities to franchisees
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You Me Sushi looking to treble estate
The predominately London-based business is looking to grow its estate three-fold in the next two years as it looks to expand through franchising
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Just Eat to dispose of iFood stake
The delivery company has announced it has entered into an agreement to sell its equity stake of around 33% in the iFood joint venture to Prosus, for a cash consideration of up to €1.8bn.
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Takeaway firms off the menu as consumers lose taste for delivery
Deliveroo’s losses have widened as cash-strapped customers cut back on takeaways, while rivals are also struggling in a brutal market, The Sunday Times reports
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Lord Wolfson steps down from Deliveroo board
The former CEO of Next was appointed as a non-executive director in January 2021 and had also joined the remuneration committee at the delivery company
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Tortilla to rebrand Chilango’s three City sites
The Mexican fast-casual chain has also announced it will be utilising the Chilango name as a virtual brand across the group’s delivery kitchens following its acquisition of the business in May
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Grubhub value slashed by half
Just Eat Takeaway has written down the value of its US subsidiary by €3bn, a year after buying the food delivery group
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Just Eat reports 7% growth in revenue
The delivery service announced enhanced profitability and revenue growth in H1 2022, despite a post-pandemic decline in gross transaction value
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Deliveroo feels impact of consumer cost pressures
The delivery company has updated its guidance, and downgraded its forecasts for full-year gross transaction value growth
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Deliveroo launches new restaurant ad platform
Deliveroo Media and Ecommerce will launch in the UK in July, before being rolled out globally
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Famously Proper exits delivery kitchens
The Byron and Mother Clucker operator has closed all but one of its dark kitchens, citing a decrease in delivery volumes and a difficulty in securing staff
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Deliveroo appoints new CFO
Scilla Grimble is expected to start her role no later than June 2023, with Adam Miller stepping down from his role as CFO and director in September
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Virtual Hero to open 200 sites under Sides
The virtual fried chicken brand from YouTube supergroup The Sidemen is on course to open a further 50 locations in the UK, as well as launch into the US
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Grubhub founder mulled bid for Just Eat Takeaway’s US arm
Grubhub founder Matt Maloney made an attempt to buy back the delivery operator, the Sunday Times reports
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Franco Manca and GDK targeting corporate orders
The restaurant brands have both partnered with Just Eat for Business, in order to capitalise on the return of workers to the office
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Kricket partners with Growth Kitchen
The White Rabbit Fund-backed Indian restaurant group is looking to use the partnership to optimise its delivery-only offering.
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Food delivery group’s late arrival at profitability concerns analysts
Deliveroo’s stock market slide continued after JP Morgan issued a bearish broker note, reports The Times
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Just Eat Takeaway to wipe £5bn off Grubhub valuation
Takeaway giant struggles to sell US arm as markets collapse, reports The Sunday Times
