J.P. Morgan Sees Major Upside for Prysmian as Optical Fiber Prices Surge 
US-Iran Gulf Clash Raises Oil Market and Defense Stock Concerns 
Indonesia Plans Higher Asset Yields to Boost Rupiah and Restore Investor Confidence 
Hyundai, Nvidia, and South Korea Near Deal for Major AI Technology Center 
Asian Stocks Sink as AI Rally Cools and Middle East Tensions Rattle Markets 
BoE Policymaker Alan Taylor Signals No Need for Interest Rate Hike Amid Iran War Inflation Risks 
Italy’s ITA Airways Weighs Legal Action Against Pratt & Whitney Over Grounded Airbus Fleet 
US Stock Futures Rebound as Tech Shares Recover Despite Rising Middle East Tensions 
Switch Eyes Multi-Billion-Dollar Funding Round at $50 Billion Valuation Ahead of Potential IPO 
RBI Holds Interest Rates at 5.25%, Cuts India Growth Forecast Amid Rising Global Risks 
US Dollar Poised for Weekly Gain as Middle East Tensions and Payroll Data Boost Market Focus 
Naver Stock Jumps on NVIDIA Partnership to Build South Korea’s AI Infrastructure 
Switzerland Population Cap Referendum Sparks Economic and Immigration Debate 
Foreign Firms Cash In on India's IPO Boom 
Apollo and Blackstone Complete $35 Billion Anthropic AI Infrastructure Financing Deal 
US Dollar Hits Near Two-Month High as Strong Jobs Data and Middle East Tensions Boost Rate Hike Expectations 
Just Eat Takeaway has entered into a delivery partnership with McDonald's, and this was revealed on Tuesday, March 22. The largest online food ordering service in Europe said that the agreement is a long-term global strategic deal.
According to Reuters, the financial aspect of Just Eat Takeaway and McDonald's partnership was not disclosed to the public. It was said that the companies' agreement will support the development and growth of the fast-food chain's McDelivery business.
On the other hand, the online food ordering company will also benefit through the expected increase in demand for its service. It was revealed that the partners already had deals in individual markets, but this new global agreement is different because it will minimize complexity and enhance operational efficiency. Additionally, their agreement will push delivery growth as well as make the existing local agreements even better.
"We are excited to announce this new partnership with McDonald's which represents a next step in growing a mutually beneficial food delivery business and opens the door for further growth in the markets in which the partnership is active," Just Eat Takeaway's chief operating officer, Joerg Gerbig, said in a press release.
The Dutch company's COO further said, "The partnership will allow for Just Eat Takeaway.com and McDonald's to partner on initiatives to drive operational improvement, providing benefit to customers through improved speed and accuracy, while accelerating McDelivery order growth. Together with McDonald's, Just Eat Takeaway.com is committed to working on future innovations that benefit the customers, McDonald's restaurants, and couriers."
Meanwhile, McDonald's is one of the largest fast-food chains in the world, and its presence is visible in almost every nation. The company offers delivery at its 33,000 restaurants in more than 100 countries through a range of platforms such as Uber Eats and Grab Food. As for Just Eat, it has 500,000 couriers around the world; thus, McDonald's will be able to offer deliveries to more customers almost everywhere.
PYMNTS.com mentioned that McDonald's teamed up with Grubhub for deliveries, and this was later acquired by Just Eat Takeaway, so the partnership has shifted with the latter since 2019. Finally, the restaurant and the food ordering firm are expected to secure a bigger market share with their new global strategic agreement.
