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Evening Standard
Evening Standard
Business
Simon Hunt

Just Eat Takeaway explores GrubHub sale and promises profit as orders fall

Just Eat Takeaway reported a 1% drop in orders in the first quarter of 2022 (Gareth Fuller/PA)

(Picture: PA Archive)

Just Eat Takeaway has become the latest company to feel the squeeze from soaring inflation and the rising cost of living as it announced a major shift in its strategy.

The £4.8 billion food delivery company today vowed to cut costs, sell off its US business and make a profit, turning its back on the strategy of rapid growth fuelled by losses that has driven the company to date.

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