HungryHouse tells customers: change is coming
Well, it’s finally happening: Just Eat and Hungry House have combined to become a powerful new force in the UK’s take-away food ordering market. Three months ago, UK regulator the Competition and Markets Authority (CMA) ruled that a merger (worth £240 billion) wouldn’t present any anti-trust issues. It’s nonetheless a bid for supremacy from Just Eat, who will use the expanded capacity HungryHouse can provide to rival foreign competitors like uberEATS.
Just Eat’s share price has risen by 59% over the past year
SOURCE: Yahoo Finance
HungryHouse has issued an email informing customers of the merger. It reads: “You heard right; we’re joining the Just Eat crew, so get set for a whole host of takeaway magic while enjoying the food you love. What does this mean for you? For now, HungryHouse is operating as normal whilst we work with Just Eat to keep delivering the best takeaway experience possible. We’ll keep you posted as things progress, and are always around if you have questions so don’t hesitate to get in touch.”
Signed “the HungryHouse team”, the email is being touted as a sign that change is on the way, with one Twitter user proclaiming: “it’s finally happening!”
Just Eat’s interim chairman, Andrew Griffith, said: "The combination with HungryHouse will enable us to bring benefits to even more independent restaurants, while improving the service and breadth of choice that we offer consumers. We are therefore pleased with the CMA's decision and look forward to bringing HungryHouse into the Just Eat family."
Dominion holds Just Eat in its Global Trends Managed Fund.
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