article thumbnail

Ten Issues to Consider When Acquiring a Food Business

JD Supra: Mergers

The food industry is generally considered recession-resistant and less susceptible to economic downturns than other sectors, making it an attractive investment for private equity firms seeking stable returns.

Food 159
article thumbnail

Brussels Regulatory Brief: Summer 2024

JD Supra: Mergers

Antitrust and Competition - The European Commission Opens an Investigation into Alleged Market Allocation and No-Poach Agreements in the Online Food Delivery Sector - On 23 July 2024, the Commission opened an antitrust investigation against two large online food delivery companies (Companies) in the European Economic Area (EEA).

Food 183
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Online wholesaler Boxed acquired after filing for bankruptcy

TechCrunch: M&A

But it’s clear Boxed struggled to make the economics of online grocery work, and it wasn’t alone. Other food delivery services have shut down or announced layoffs, including in particular fast-delivery services like Food Rocket’s 2023 closure and Gopuff’s multiple rounds of cost-cutting, among others.

article thumbnail

Food & Beverage 4Q 2023 Report

Focus Investment Banking

Food & Beverage sector experienced subdued dealmaking activity in 2023. Market-wide deal volume declined due to a scarcity of both buyers and sellers, coupled with fluctuating valuations amid prevailing economic uncertainties. The post Food & Beverage 4Q 2023 Report appeared first on FOCUS Investment Banking LLC.

Food 52
article thumbnail

Grab acquires Singapore’s third-largest taxi operator Trans-cab 

TechCrunch: M&A

Singapore’s ride-hailing and food delivery company Grab has signed an agreement for its car rental unit Grab Rentals to acquire Trans-cab , the city-state’s third-largest taxi operator.

article thumbnail

Inflation Measure Favored by the Fed Cooled in August

The New York Times: Banking

The Personal Consumption Expenditures Index climbed more slowly, after cutting out food and fuel prices for a sense of the underlying trend.

Food 104
article thumbnail

Summery weather helps boost UK consumer spending, surveys show

Global Banking & Finance

(Reuters) – British consumer spending increased modestly in annual terms during August, fuelled by spending on food and drink during summery weather, according to surveys on Tuesday that added to signs of steady economic growth in the second half of 2024.

Food 52