Grubhub cuts 23% of staff after Wonder deal, signals changes

Grubhub cuts 23% of staff after Wonder deal, signals changes

GRUBHUB is cutting about 23 per cent of its workforce and set the stage for more changes at the company following its takeover by Wonder Group, the owner of Blue Apron. “We’ve made the difficult decision to eliminate approximately 500 positions at Grubhub. These changes span all teams as we begin to integrate functions with…

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Mars readying over US$25 billion bond sale for next week: sources

Mars readying over US billion bond sale for next week: sources

FAMILY-OWNED candy giant Mars is preparing to sell bonds worth between US$25 billion and US$30 billion as soon as next week to help finance its takeover of Pringles maker Kellanova, according to people familiar with the matter, in a deal that would headline a US$40 billion rush of acquisition financing bonds. Banks led by Citigroup and JPMorgan…

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This Washington-based restaurateur is shelling out an extra $20K each week as egg shortage drives up prices

This Washington-based restaurateur is shelling out an extra K each week as egg shortage drives up prices

A rampant bird flu outbreak has sent egg prices soaring and the dining industry scrambling to catch up – with one Washington, DC-based restaurateur claiming he shells out an extra $20,000 each week. Steve Salis, founder and chief executive of Catalogue, a restaurant holding company that owns more than a dozen locations across the Delaware-Maryland-Virginia…

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