Just Eat Takeaway.com confirms decision to end operations in France

 

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Week 2/12/2024

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Just Eat Takeaway.com confirms decision to end operations in France following consultation. Just Eat Takeaway.com confirms that it will proceed with its intention to cease operations in France following a consultation period which was first announced in July 2024 and recently completed (Just Eat Takeaway).

Glovo Shifts Employment Model, Aims to Hire 60,000 Delivery Workers in Spain. In Spain’s largest-ever labor transition, Glovo’s decision to hire its delivery workforce comes as CEO faces criminal investigation over workers’ rights violations (Morocco World News).

Delivery Hero’s food delivery IPO rises to $2b. Delivery Hero SE has increased the IPO size of its food delivery platform Talabat to up to US$2 billion, making it the largest listing in the United Arab Emirates this year (Tech in Asia).

Just Eat Takeaway to delist from London Stock Exchange in blow to UK market. Just Eat Takeaway said it was delisting its shares from the London Stock Exchange due to the “low liquidity and trading volumes” of its shares on the exchange (NBC Los Angeles).

FTC must reject Uber Eats merger. An article written by Uber Eats Taiwan general manager Chai Lee (李佳穎) published in the Liberty Times (sister paper of the Taipei Times) on Tuesday said that Uber Eats promises to engage in negotiations to create a “win-win” situation (Taipei Times).

Why food delivery platform Swiggy shares hit all time high in trade today? The company believes that the expansion of Bolt to over 400 cities is a significant milestone in Swiggy’s mission to enhance customer experience through innovative solutions (Business Standard).

Growing consumer concern regarding food delivery hygiene standards. Research from catering consumables provider CCS McLays has revealed the majority of Brits (86%) believe it is a food outlet’s responsibility to protect their delivery food from being tampered with, and 49% are calling for tamper-evident packaging (Hospitality & Catering News).

Think Twice Before Ordering Fast Food Delivery. We’ve all been there — you open a delivery app to order a $15 meal only to find that with markups and fees, it comes out closer to $30 (Chowhound).

Global Food Delivery Service Software Market Size, Share and Forecast By Key. According to the Market Research Intellect, the global Food Delivery Service Software market is projected to grow at a robust compound annual growth rate (CAGR) of 7.8% from 2024 to 2031 (OpenPR).

Meituan said to expand Keeta food delivery service in Middle East. Chinese food delivery giant Meituan is reportedly planning to expand its Keeta brand across the Middle East and North Africa (Tech in Asia).

Delivery Hero’s food delivery IPO rises to $2b. Delivery Hero SE has increased the IPO size of its food delivery platform Talabat to up to US$2 billion, making it the largest listing in the United Arab Emirates this year (Tech in Asia).

Swiggy Q2 Results LIVE: Stock falls after food delivery aggregator remains loss making. Food delivery aggregator Swiggy Ltd. will be reporting its first quarterly results after it became a public company last month on Tuesday, December 3 (CNBC).

Talabat and Swiggy: Two food delivery IPOs that couldn’t be more different. It has been a raving few weeks for food and grocery delivery in Asia (The Morning Context).

Zomato secures $1bn through QIP. Indian fast food delivery major Zomato has raised more than Rs85bn ($1bn) via a qualified institutional placement (QIP), in its first major fundraising following its public listing in 2021 (Yahoo Finance).

Uber Eats Netherlands switch to using temporary workers as deliverers. Uber Eats will no longer use freelancers as meal deliverers in the Netherlands, reports the NL Times and Telegraaf (paywall). From next spring, the platform will only work with temporary workers in the Netherlands (Staffing Industry).

Foody creates new emergency feature for its distributors. With the safety of its distribution fleet a key priority, Foody has created a new emergency resource that its distributors can use to call for help in cases of distress (Cyprus mail).

 

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