Just Eat Takeaway, who purchased Grubhub less than a year ago for $7.3 billion, has announced that they may consider selling off part or all of the Grubhub.
What happened here?
Did Jitse Groen (CEO of Just Eat Takeaway) buy a lemon? This is an expensive case of buyer's remorse for the Dutch delivery giant.
Within just months of closing the deal, investors were pushing for the company to bail out on Grubhub. Apparently, they finally decided to listen.
While it doesn't mean it's a done deal, I can't help but think they have to be pretty serious about the idea (more than just “exploring” the thought of a sale) if they're going so far as to make it public. One has to wonder if they're already in talks.
We address this topic in the latest episode of Deliver on Your Business. Even more, we dive into just what happened with Grubhub. A few years ago, Grubhub was Doordash. They were the dominant king of the delivery industry with no real rival.
How did this happen???
Related links
Episode page on EntreCourier website
Want to see it on Youtube?
Discussion with UDM about the changes with Grubhub
Discussion on EntreCourier about the Grubhub Just Eat merger
Discussion on EntreCourier about Grubhub (and others) response to pandemic
Topics:
- Grubhub used to be the king 2:50
- The root cause of Grubhub's demise: Arrogance 3:49
- My story of delivering for Grubhub and what I liked about it 4:30
- When things started to change: 7:22
- Fast food, Taco Hell and the explosion of Cherry Picking 9:19
- Grubhub begins cracking down on drivers 11:46
- Driver loyalty to Grubhub erodes and erodes FAST 13:34
- Grubhub's relationship to restaurants erodes 18:53
- Adding restaurants to platform without permission 19:13
- Fake websites and marketing charges 21:44
- Grubhub botches restaurant relations during the pandemic 23:00
- Grubhub's relationship with customers goes south as well 27:10
- What happens next for Grubhub? 35:19
- Who would possibly buy Grubhub? 39:10
- The case for (and against) an Uber sale 39:27
- The case for a sale to Amazon 43:43
- The impact of Just Eat Takeaway moving to an employee model in Europe 45:05
- Could the same fate happen to Doordash in the near future? 45:45
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