Seamless and GrubHub Merging to Form Mega Food-Delivering Company
May 20, 2013 01:53 PM EDT | By Staff Reporter
Financial terms were not disclosed and it's unclear what the combined company will be called. GrubHub CEO Matt Maloney will become CEO, while Seamless CEO Jonathan Zabusky will serve as president, the companies said in a joint statement.
GrubHub has been around since 2004 and has cornered the market in the Midwest while New Yorkers count on Seamless as their passive food delivery go-to.
Brian McAndrews, an independent director on the Seamless board, will serve as chairman. Both New York-based Seamless and Chicago-based GrubHub will have significant representation on the new company's board.
"We are excited to combine the strengths of these two dynamic organizations in an industry that is rapidly gaining traction," Maloney said in a statement. "We believe the merger will enhance the products we are able to offer both our diners and restaurants."
Last year, orders through the two privately held companies totaled about $875 million in gross food sales, resulting in combined revenue of more than $100 million. They also aggressively vied with each other for market share, boosting their ranks of sales representatives and heavily promoting themselves through social media and email offers and discounts.
Soups are a classic choice for warming up on a cold winter's night. We don't often appreciate its value as summer fare, though. However, there's actually some fantastic soups perfect for the lighter, warmer season.
Most people love an order of fries, but how they enjoy those fries does indeed vary. Whether skinny or thick, spicy or curly or covered in truffle salt or a mix of herbs, it's a sure hit at any dinner table. Even the most classic of fun favorites though can be improved upon and some spots around the country are doing exciting things with their fries!
Rosé wine is made in almost every region in the world, from many different grape varieties. And rose-colored wine is produced in a sweet, dry, sparkling, and even fortified style. Yet the classic style of dry rosé wine from Provence sets the trend that many other wine-producing regions around the world want to emulate.
Dominique Ansel moved from Paris to New York City to work at Daniel Boulud's French flagship Daniel as the executive pastry chef, a position he held for 6 years. Fast forward 15 years later, and Ansel has become a household name after the invention of a certain croissant-donut hybrid, and his namesake bakery has expanded beyond SoHo to include branches around the world.
As if you ever really need an excuse to order a piña colada, today is National Piña Colada Day, so go ahead and order that creamy, sweet, cocktail-meets-dessert libation that is best served on a sunny, tropical beach somewhere exotic.
The cold brisk wind whips through the streets on an early spring evening in Prague. As temperatures hover around freezing, only one dish warms the soul this evening. Upon opening the door to Krčma the smell of comfort greets us like warm blanket-braised meat, baking spices, simmering herbs, and fried potatoes.