Business Walmart, other supermarkets are considering acquiring Grubhub

Walmart, other supermarkets are considering acquiring Grubhub

-

Walmart executives and at least three other grocery stores have reflected on the acquisition of the Grubhub food delivery service, as reported by The Post.

The executives of Walmart, Kroger, Albertsons and Ahold-Delhaize, the owner of Hannaford and Stop & Shop and other supermarkets, are considering how an acquisition of the Chicago company could help them with the delivery of food and groceries, according to the consultant of the supply chain Brittain Ladd.

"I have spoken with executives of each company (especially Walmart) and there is interest in acquiring Grubhub," Ladd told The Post. “I think the value of Grubhub for Walmart is that they could take advantage of Grubhub to deliver food and groceries. In addition, it would accelerate Walmart's ability to enter "dark kitchens," which is an area full of potential, "he said, referring to kitchens that prepare food for delivery only without a retail presence.

On Wednesday, Grubhub shares closed 12.5 percent at $ 54.75 per share in a Wall Street Journal report that said Grubhub turned to advisors to help him review his strategic options, including a sale.

But the company, which also owns the Seamless food delivery company, has been in the auction block for months without bidders, The Post reported Wednesday, citing a person with direct knowledge of the sale.

Grubhub, which warned of a sharp decline in orders in its third quarter, has dropped less than 1 percent in intraday trading on Thursday to $ 54.36 per share.

GrubHub declined to comment for this story and Walmart could not immediately be reached for comment.

. (tagsToTranslate) Business (t) food delivery (t) grubhub (t) mergers and acquisitions (t) supermarkets (t) walmart

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Must read

You might also likeRELATED
Recommended to you