Just Eat agrees new partnership with McDonald’s
Just Eat, the marketplace for online food delivery, has agreed a nationwide partnership with McDonald’s in the UK and Ireland.
Due to be implemented in 2020, the deal will see Just Eat become McDonald’s second exclusive delivery partner for McDelivery.
Peter Duffy, Just Eat’s interim chief executive, said: “We are delighted to announce that we have agreed to partner in the UK and Ireland with McDonald’s. This partnership, along with our recently announced relationship with Greggs, will require significant investment but will accelerate our growth ambitions and enhance our market position by offering our customers the widest choice available.”
In a pre-close trading update, Just Eat also said that 2019 had ended in line with the expectations. The company now expects its uEBITDA to come in at around £200 million with group orders of 254 million and revenue of approximately £1 billion.
Just Eat saw its orders increase by 8% in the UK in 2019. In addition, there was particulary strong growth in Canada in the company’s fourth quarter.
Duffy added: “We are pleased to confirm uEBITDA towards the top end and revenue broadly in line with the guidance range we provided at the start of 2019, notwithstanding the significant developments during the year.”
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