Online food ordering company Just Eat has announced that it has agreed to purchase Menulog for approximately $685 million. This is a massive amount to be paid for the company and is much more than any other company has paid.
MenuLog is based in New Zealand and Australia and has 5,500 restaurants signed up to it’s service. Along with the restaurants, the company has over 1.4 million active users utilising the service.
The food delivery market is estimated to be worth over 2.5 million dollars and there is plenty of room for growth at this stage.
The biggest players in the world for online food ordering include Just Eat, Delivery Hero, Food Panda and GrubHub. Many other services are popping up however those of significance are being swallowed by bigger rivals.
Just Eat is a recently publicly listed company on the London Stock exchange. It has undertaken a buying spree with a number of purchases internationally.
BooHoo.com started it’s life in the UK and since then has expanded rapidly around the world. The company has been one of the best performers in the fashion vertical for a number of years and continues to be one of the major competitors to ASOS. BooHoo presents itself as a fast moving, quickly changing brand with value priced products not costing more than $100.
The company boasts that it has 500 lines delivered every week that usually gets snapped up as soon as it arrives.
Boohoo has now made a big push into the US market and has even opened a pop-up store in New York. The opening had famous guests including Jamie Chung and Femme. The company is at a level which puts itself in direct competition to giants such as Forever 21 and H&M.
BooHoo has used strong online marketing tactics to break into the US market. Usually on offer is a BooHoo coupon for your buy and often free delivery, making their products even better value.
Since the internet has been around, the ability to do business worldwide has become easier and easier. Many companies have popped up and taken advantage of the explosion in what the internet is capable of.
One such company that has really made it’s name through the internet is VistaPrint. The company is simply a company which prints promotional material and provides marketing services yet it is exceeded 1 billion in revenue in 2012.
The company started off in Paris in 1995 by it’s serving President and CEO, Robert Keane. In 2000, Keane moved the company to the US where it made it’s home in Massachusetts. The company started by only printing business cards however started to move into other products including postcards and letterheads. The company made losses for many years and only started turning a profit in 2001.
From there, the company has exploded with an expansion world wide and has seen growth year on year of between 50-60%.
Vistaprint is now one of the most successful companies in the world of printing and promotional materials.