McDonald’s Corp - Chicago-based fast-food restaurant chain - Expands local agreements with Just Eat Takeaway.com NV to a long-term global strategic partnership. The partnership with the food courier will support the growth of the McDelivery business, McDonald’s says, benefiting from Just Eat’s 500,000 couriers across the globe. Says the agreement will reduce complexity and ‘provide opportunities to innovate at scale together on 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,’ says Just Eat Chief Operating Officer Joerg Gerbig.
McDonald’s current stock price: $235.32, closed down 1.5% in New York on Monday
12-month change: up 4.6%
Just Eat current stock price: 2,620.50 pence, up 0.5% in London on Tuesday late morning
12-month change: down 62%
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