Half of U.S. Consumers Now Using Meal Delivery as Sales Grow
Restaurant meal delivery in the U.S. hit a key milestone before the holidays, as 50 percent of American consumers have now ordered from one of the major meal delivery services, up from 44 percent a year ago, according to the latest figures from Bloomberg Second...
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...
DoorDash to Acquire Wolt for $8 Billion
Consolidation continues in the delivery sector. DoorDash announced it has agreed to acquire Wolt (pronounced “volt”), a Helsinki-based delivery firm in an all-stock transaction that values the company at approximately $8.1 billion. If the proposed merger goes through,...
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...
Outstanding Operators
Food On Demand Outstanding Operators features restaurant brands with innovative operations that are taking creative paths to success with delivery and all things off-premises.
