The company has been in play for months and had been in acquisition talks with Ubers Eats division. [19] In August that year, it stopped doing business in the UK, selling its customer portfolio to rival Just Eat. Groen founded Takeaway in 2000 while still a student and oversaw its growth through a series of acquisitions, including a 2018 deal to buy the German operations of rival Delivery Hero. Grubhubs stock price rose nearly 6% in aftermarket trading and Just Eat Takeaway shares closed more than 13% lower in Amsterdam after the companies disclosed they were in talks in the late afternoon. Data is a real-time snapshot *Data is delayed at least 15 minutes. Just Eat Takeaway.com shares rose over 7% on news of the company's interest in selling Grubhub. Carol Massar and Tim Stenovec host a look back at the best interviews, discussions and more. Between March 2014 and March 2020 it was Just Eat plc, and before that Just-Eat Group Holdings Limited. Some of its subsidiaries have positive EBITDA, while others, including Grubhub, are in the red.. [14] It began accepting Bitcoin in November 2013. Just Eat disposed of its shares in its India business in January 2015. Partners. The Motley Fool has a disclosure policy. A Division of NBCUniversal. However, its overall number of orders fell 1%, to 264.1 million. "Further announcements will made as and when appropriate," it said. SkipTheDishes is part of Just Eat Takeaway.com, a leading global online food delivery marketplace. [77], Just Eat sponsored the fourteenth and fifteenth series of The X Factor (UK), replacing TalkTalk. Some have criticized the acting technique as disruptive to the work environment. Just Eat Takeaway.com didn't exist up earlier this year, after Amsterdam-based Takeaway.com bought London-headquartered Just Eat for 6.2 billion ($7.8 billion). Like ridesharing, the food delivery industry will need consolidation in order to reach its full potential for consumers and restaurants, an Uber spokesperson said in an emailed statement. [17] It also launched its new logo in all of their countries. [42][43], The company operates under different brand names in different countries.[4]. Mega mergers. 77% of Warren Buffett's $366 Billion Portfolio Is Invested in Only 6 Stocks, 1 Growth Stock Down 78% You'll Regret Not Buying on the Dip, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, Copyright, Trademark and Patent Information. Just Eat Takeaway.com N.V. (formerly Takeaway.com; [i] founded as Thuisbezorgd.nl) [ii] is a Dutch multinational online food ordering and delivery company, formed from the merger of London-based Just Eat and Amsterdam-based Takeaway.com in 2020. Data is a real-time snapshot *Data is delayed at least 15 minutes. And there are other rivals vying for dominance across various markets, from Britain's Deliveroo to Spain's Glovo. [44], Just Eat Ireland launched in April 2008. [81], In the UK, Just Eat charges restaurants 699 to join the service,[82] plus a 13-14% commission for each order placed through the website or mobile app. While it is already active in Canada through Just Eat subsidiary SkipTheDishes, the firm doesn't yet have a presence in America. It offers consumers a wide variety of food choice. In a statement, Uber said the food delivery industry needs consolidation, but that doesnt mean we are interested in doing any deal, at any price, with any player.. The London-based Just Eat says in a. Its total number of orders grew 210% to 816 million, while its marketplace GOV (gross order volume,. Europe is home to a flourishing food delivery sector, with several well-established and upstart firms looking to gain traction in different geographies. Consequently, Just Eat Takeaway.com's total issued share capital as at 15 June 2021 comprises 211,621,200ordinary shares of 0.04 each with voting rights. By Joe Guszkowski on Jul. Shares Of Nike Will End This Week With A Negative Weekly Chart As A Death Cross Forms On Its Daily Chart. But the deal has been put on hold due to another competition probe from the CMA. Sign up for free newsletters and get more CNBC delivered to your inbox. The company connects consumers and restaurants through its platform in European countries and Israel. Jitse Groen, CEO and founder of Just Eat Takeaway.com, will lead the combined business globally. Careers. M&A Summary Buy vs Sell +9 Most Recent M&A Just Eat was founded as a separate company in 2001 in Kolding, Denmark, and headquartered in London, United Kingdom from 2006 until its merger in 2020. For the former company and current brand, see, For further information on the history of Just Eat, see, Takeaway.com is still used as a brand name in some countries, it was the legal name for the company until 2020, Thuisbezorgd.nl is still used as the brand name in the Netherlands, "Eerste Belgisch avontuur Thuisbezorgd.nl duurde half jaar (First Belgian adventure Thuisbezorgd.nl lasted half a year)", "Der Unternehmer Jitse Groen will mehr Potsdamer Restaurants fr seine Bestellplattform gewinnen", "Just Eat merger with Takeaway.com cleared by competition regulator", "Takeaway buys Just Eat for $7.8 billion, must wait to merge operations", "Just Eat Takeaway is exploring a sale of Grubhub barely a year after buying the company", "Just Eat Takeaway considers selling US arm Grubhub as orders fall", "How the former student becomes the largest home delivery player in the world", "Jitse Groen Oprichter en Algemeen Directeur Thuisbezorgd.nl |", "Takeaway.com raises 13 million in funding from Prime Ventures", "Thuisbezorgd accepteert betalingen via Bitcoin (Thuisbezorgd.nl starts accepting payments in Bitcoin)", "Ten places where you can spend your bitcoins in the UK", "Food delivery startup Takeaway.com raises $368M in IPO, valuing it at $1.1B", "In het nieuws: Jitse Groen (CEO Takeaway.com)", "Takeaway.com buys Israeli food delivery co 10bis for 135m", "Takeaway.com acquires Bulgaria's BGmenu for 10.5 million", "Delivery Hero sells German operations to Takeaway.com", "Just Eat agrees 9bn merger with Takeaway.com", "Just Eat battle ends with Takeaway.com as victor", "Just Eat takeover by Takeaway.com to be investigated by competition watchdog", "Takeaway issues shares after UK competition watchdog gives Just Eat buy approval", "Europe's Just Eat Takeaway to buy Grubhub for $7.3 billion", "Prosus plans to buy Just Eat Takeaway stake in Brazil's iFood Bloomberg", "Prosus Is Said in Talks to Buy Just Eat Stake in Brazil's IFood", "Just Eat serves up league-wide UEFA sponsorship", "Just Eat acquires Slovakian food delivery as global expansion continue", "Just Eat Takeaway.com completes acquisition of Slovakian market leader Bistro.sk", "Just Eat loss smaller than expected, to exit Norway Portugal", "Just Eat sees losses widen but delivers 4.4bn in sales", "Just Eat Takeaway explores Grubhub sale", "Just Eat Takeaway.com to discontinue platform and delivery operations in Romania", "Delivery platform Takeaway leaves Romania after failing to penetrate the market", "Just Eat Takeaway sells stake in Brazil's iFood for up to 1.8bn", "Just Eat Takeaway soars on $1.8 billion iFood stake sale to Prosus", "Just-Eat Canada acquires YummyWeb in Vancouver", "Online food delivery giant Just Eat acquires rival Orderit.ca", https://en.wikipedia.org/w/index.php?title=Just_Eat_Takeaway.com&oldid=1150351457, Companies listed on the London Stock Exchange, Food and drink companies based in Amsterdam, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License 4.0, This page was last edited on 17 April 2023, at 17:28. [6], Following clearance by the United Kingdom's Competition and Markets Authority on 22 April 2020, Takeaway.com merged with UK-based food delivery service Just Eat, in February 2020, with Takeaway.com acquiring all of Just Eat's shares in issue. That's in part due to the fact that it only recently came into existence as a brand after the combination of U.K. meal delivery app Just Eat and Dutch rival Takeaway. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended and applicable United Kingdom, Dutch and other European regulations. Here's what you need to know about the European food delivery giant. The company has lost more than two thirds of its market value in the past 12 months. Investor Cat Rock, which holds 5.69% of Takeaway shares and 2.6% of Just Eat, has said it . [87], As of June 2022, the Just Eat brand operated in Denmark, France, Ireland, Italy, Spain, Switzerland, and the United Kingdom.[1]. Details. Here's what you need to know about the company that beat Uber to a deal with Grubhub. The combined company will be headquartered in Amsterdam. Signage for Just Eat is seen on the window of a restaurant in London, August 5, 2019. As a result, Grubhub Stockholders have received New Just Eat Takeaway.com ADSs representing approximately 30% of the Company's issued share capital as of completion of the Transaction. [49][50], Just Eat India was founded on 26 July 2006, as HungryBangalore,[51] by Ritesh Dwivedy. In April 2012, a third round of investment[60] saw Vitruvian Partners and existing backers, Index Ventures, Greylock Partners and Redpoint Ventures, invest a further 40 million in Just Eat Holdings Ltd.[61], In January 2019, the company bought Flyt, the startup with software for restaurants and food suppliers, for 22 million. [72], From 2020, American rapper Snoop Dogg appeared in Just Eat advertisements. The company today said its chairman . Private Securities Litigation Reform Act of 1995. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Shares of Just Eat Takeaway.com (JTKWY) were tumbling 9.6% in afternoon trading Thursday after the third-party food delivery giant provided a generally upbeat business update, but also noted it may be booted from FTSE indexes when the London Stock Exchange (LSE) organization does its semi-annual review in September. The Dutch billionaire has been on a shopping spree in recent years, buying up rivals to build Just Eat into the largest online food delivery operation outside of China. Groen, who founded his company in 2000 as a college student before dropping out, has boasted about Just Eats initiative to hire couriers as employees with guaranteed wages rather than treat them as independent contractors, as rivals do. You can order with them if you have not already. [39], On 2 March 2022, in a response to its announcement of losses, Just Eat Takeaway revealed plans to exit from Portugal, Romania and Norway from 1 April 2022. Mit Ihrer Anmeldung erklren Sie sich damit einverstanden, Inhalte von uns zu erhalten. An increase in the selling, general and administrative costs as a percentage of sales from 37.66% to 39.02% was a component in the falling net income despite rising .