Just-Eat Moves To Conquer French Food Delivery Market, Acquires Alloresto
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Just-Eat, the online food ordering giant of Europe, is continuing its rapid expansion, working out a partnership / acquisition deal with Alloresto.fr, the online food delivery leader in France. Just-Eat CEO Klaus Nyengaard, who blogged about the deal here, tells me it took over a year to work out the arrangement.
In an initial phase, Alloresto will be run as a joint-venture between the two companies, and after ‘a few years’ Just-Eat will acquire the remaining shares. Sebastien Forrest, founder and CEO of Alloresto, will continue to head the company as part of the deal terms.
Read more at TechCrunch Europe.
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