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Chief Executive Officer Fidji Simo will have to convince investors of her strategy to pivot the company to focus on grocery technology over grocery delivery.
Orders on the grocery delivery platform rose 18 percent to almost 263 million in 2022 but were virtually flat in the first half of 2023 compared with a year earlier.
Just Eat said it will use the proceeds to strengthen its balance sheet and repay debt while still pursuing a partial or full sale of its Grubhub business.