Wed, May 27, 2020

Josh Benn Featured in Restaurant Dive Discussing Consolidation in the Delivery Business

Josh Benn, Managing Director and Global Head of Consumer, Food, Restaurant and Retail M&A at Duff & Phelps, was recently featured in Restaurant Dive in the article, “Potential Uber/Grubhub merger points to inevitable consolidation in delivery market.” The article delves into the evolving restaurant landscape, with an emphasis on the uptick in delivery services.

While there have been talks of consolidation within the delivery vertical for quite some time, recent rumors suggest the merger of two major players in the industry, Uber Eats and Grubhub. The combined synergies of these two brands is said to be about driving scale, with a view to increase profitability. 

While industry experts have had differing views, Josh said, “Consolidation is inevitable and part of the industry’s maturation. Consumers will increasingly want to have one, two, maybe three options that they can rely on basically all over the country for their food delivery needs, and thinking of five and six names out there, it's just overwhelming and it doesn't feel efficient from a consumer standpoint.”

He further added, “Dwindling exclusivity with major restaurant chains could also accelerate M&A activity to some degree.”

Read the full article here.

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