News

Published on 23 Mar 2022 on Benzinga via Yahoo Finance

McDonald's, Just Eat Takeaway.com Ink Long-Term Strategic Partnership


Article preview image

Just Eat Takeaway.com N.V. and McDonald's Corp (NYSE: MCD) have entered into a global strategic partnership to support the McDelivery business. The financial terms of the arrangement were not disclosed.Just Eat Takeaway.com's geographic coverage, food-delivery marketplace, and 500,000 couriers worldwide support its delivery partners, such as McDonald's.The partnership will elevate local partnerships between the parties, reducing complexity to innovate at scale and improve operational efficiency."We are excited to announce this new partnership with McDonald's, which represents a next step in growing a mutually beneficial food delivery business and opens the door for further growth in the markets in which the partnership is active," said Joerg Gerbig, COO of Just Eat Takeaway.com.Price Action: MCD shares closed lower by 1.54% at $235.25 on Monday.

See more from Benzinga

OTC.JTKWY price evolution
AMS.TKWY price evolution
LSE.JET price evolution

Want to become a better investor?

Start tracking your investments with Statfolio

Sign up for free
Related News
Is Hibbett Sports (HIBB) Stock Outpacing Its Retail-Wholesale Peers This Year?

The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for...

Zacks via Yahoo Finance 28 Feb 2024

What Does Just Eat Takeaway.com N.V.'s (AMS:TKWY) Share Price Indicate?

Just Eat Takeaway.com N.V. (AMS:TKWY), might not be a large cap stock, but it saw a significant s...

Simply Wall St. via Yahoo Finance 9 Feb 2024

20 Largest Delivery Companies in the US

In this article, we will take a look at the 20 largest delivery companies in the US. If you want ...

Insider Monkey via Yahoo Finance 17 Nov 2023

Bears are Losing Control Over Just Eat Takeaway.com N.V. Sponsored ADR (JTKWY), Here's Why It's a...

A downtrend has been apparent in Just Eat Takeaway.com N.V. Sponsored ADR (JTKWY) lately. While t...

Zacks via Yahoo Finance 22 Aug 2023

DoorDash's Slowing Orders & UBER Competition Trigger Downgrade By This Analyst

RBC Capital analyst Brad Erickson downgraded DoorDash Inc (NYSE: DASH) from Outperform to Sector ...

Benzinga via Yahoo Finance 10 Feb 2023

Food Delivery Apps DoorDash, Uber Adjust To Changing Customer Needs On Pandemic Recovery

Consumers continue to spend more, but on a cautious note on the biggest food-delivery apps, DoorD...

Benzinga via Yahoo Finance 29 Dec 2022

10 Best Delivery Stocks to Invest In

In this article, we discuss 10 best delivery stocks to invest in. If you want to read about some ...

Insider Monkey via Yahoo Finance 26 Sep 2022

3 Red Flags for DoorDash's Future

DoorDash lost its luster for two simple reasons. DoorDash remains unprofitable on a GAAP (general...

Motley Fool 8 Jul 2022

Amazon-Grubhub deal disrupts thinking around the online food delivery sector

Amazon (AMZN) traded 1.69% higher on Thursday as investors continue to digest the e-commerce gian...

Seeking Alpha 8 Jul 2022

Why DoorDash Stock Is Falling Today

Shares of DoorDash (NYSE: DASH) were falling 7.5% at 11:07 a.m. on Wednesday after rival Grubhub ...

Motley Fool 7 Jul 2022