Retail & Restaurants – Open for Business
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The Four Horsemen of the Restaurant Apocalypse?
The Four Horsemen of the Restaurant Apocalypse? How lessons from the travel industry’s response to online travel agencies may enable restaurants to survive (and hopefully thrive) in a delivery-heavy future. by Zach Goldstein, CEO and Founder, Thanx The Original Mel’s diner is a Northern California legend. Now at 22 locations, the classic drive-up service is long-gone, just one of many necessary adaptations for a restaurant that celebrated its 70-year anniversary two years ago. The latest evolution may be most challenging yet. “In our first two years on the delivery platforms, revenue went up 20% year-over-year. It was the largest top-line growth we’ve experienced in two decades,” said Tony Bendana, restaurant industry veteran and current Chief Operating Officer of The Original Mel’s which is listed in four third-party delivery apps today — Doordash, Uber Eats, Grubhub, and Postmates. “But when we looked at how much profit we were making, it hadn’t moved.” Tony Bendana, COO at The Original Mel’s What follows is an in-depth study of the massive disruption facing restaurants today, broken into the following sections: Restaurants Are Digitizing 04 More than $200B in restaurants sales will come through digital channels (including third-party marketplaces) by 2022 The Question of Incrementality 05 Because of high take-rates, many restaurants are questioning whether delivery marketplaces are friend or foe We’ve Seen This Story Before: Hotels and Online Travel Agencies 08 OTAs grew rapidly and ultimately stole share from hotels themselves The -
Response: Just Eat Takeaway.Com N. V
NON- CONFIDENTIAL JUST EAT TAKEAWAY.COM Submission to the CMA in response to its request for views on its Provisional Findings in relation to the Amazon/Deliveroo merger inquiry 1 INTRODUCTION AND BACKGROUND 1. In line with the Notice of provisional findings made under Rule 11.3 of the Competition and Markets Authority ("CMA") Rules of Procedure published on the CMA website, Just Eat Takeaway.com N.V. ("JETA") submits its views on the provisional findings of the CMA dated 16 April 2020 (the "Provisional Findings") regarding the anticipated acquisition by Amazon.com BV Investment Holding LLC, a wholly-owned subsidiary of Amazon.com, Inc. ("Amazon") of certain rights and minority shareholding of Roofoods Ltd ("Deliveroo") (the "Transaction"). 2. In the Provisional Findings, the CMA has concluded that the Transaction would not be expected to result in a substantial lessening of competition ("SLC") in either the market for online restaurant platforms or the market for online convenience groceries ("OCG")1 on the basis that, as a result of the Coronavirus ("COVID-19") crisis, Deliveroo is likely to exit the market unless it receives the additional funding available through the Transaction. The CMA has also provisionally found that no less anti-competitive investors were available. 3. JETA considers that this is an unprecedented decision by the CMA and questions whether it is appropriate in the current market circumstances. In its Phase 1 Decision, dated 11 December 20192, the CMA found that the Transaction gives rise to a realistic prospect of an SLC as a result of horizontal effects in the supply of food platforms and OCG in the UK. -
United States District Court Western District of Louisiana Lake Charles Division
UNITED STATES DISTRICT COURT WESTERN DISTRICT OF LOUISIANA LAKE CHARLES DIVISION ) __________, Individually and on Behalf ) of all Others Similarly Situated, ) ) CIVIL ACTION NO. ________ Plaintiff, ) ) vs. ) CLASS ACTION COMPLAINT ) FOR VIOLATIONS OF ) CHRISTOPHER MEAUX, DAVID FEDERAL SECURITIES LAWS ) PRINGLE, JEFF YURECKO, TILMAN J. ) FERTITTA, RICHARD HANDLER, WAITR ) HOLDINGS, INC. f/k/a LANDCADIA ) HOLDINGS, INC., JEFFERIES FINANCIAL ) GROUP, INC., and JEFFERIES, LLC, ) JURY TRIAL DEMANDED Defendants. ) ) This action is brought as a class action by Plaintiff on behalf of himself and all others similarly situated against Waitr Holdings, Inc. (“Waitr” or the “Company”) and certain officers and directors and other individuals and entities associated with the Company for their violations of Sections 11, 12 and 15 of the 1933 Securities Act, 15 U.S.C. §§ 77a, et seq. (the “Securities Act”), and/or Sections 10(b), 14(a) and 20(a) of the Securities Exchange Act of 1934, 15 U.S.C. §§ 78j(b) and 78t(a), (the “Exchange Act”) and Rule 10b-5 promulgated thereunder by the U.S. Securities Exchange Commission (the “SEC”) (17 C.F.R. § 240.10b-5), (A) in connection with Old-Waitr’s (defined below) going public transaction and business combination on November 15, 2018 with Landcadia Holdings, Inc. (“Landcadia”) (the “Going Public Transaction”), and the follow-on secondary offering on May 16, 2019 (the “Secondary Offering”) of Waitr securities (the “Negligence” and/or “Strict Liability” claims), and (B) for making materially false and misleading statements that were published into the market from May 17, 2018 to August 8, 2019 ( the “Class Period”), that Defendants knew and/or recklessly disregarded were materially false and misleading when made and/or that omitted information necessary to make Defendants’ statements, in light of such omissions, true, accurate and reliable. -
Global Equity Fund Description Plan 3S DCP & JRA MICROSOFT CORP
Global Equity Fund June 30, 2020 Note: Numbers may not always add up due to rounding. % Invested For Each Plan Description Plan 3s DCP & JRA MICROSOFT CORP 2.5289% 2.5289% APPLE INC 2.4756% 2.4756% AMAZON COM INC 1.9411% 1.9411% FACEBOOK CLASS A INC 0.9048% 0.9048% ALPHABET INC CLASS A 0.7033% 0.7033% ALPHABET INC CLASS C 0.6978% 0.6978% ALIBABA GROUP HOLDING ADR REPRESEN 0.6724% 0.6724% JOHNSON & JOHNSON 0.6151% 0.6151% TENCENT HOLDINGS LTD 0.6124% 0.6124% BERKSHIRE HATHAWAY INC CLASS B 0.5765% 0.5765% NESTLE SA 0.5428% 0.5428% VISA INC CLASS A 0.5408% 0.5408% PROCTER & GAMBLE 0.4838% 0.4838% JPMORGAN CHASE & CO 0.4730% 0.4730% UNITEDHEALTH GROUP INC 0.4619% 0.4619% ISHARES RUSSELL 3000 ETF 0.4525% 0.4525% HOME DEPOT INC 0.4463% 0.4463% TAIWAN SEMICONDUCTOR MANUFACTURING 0.4337% 0.4337% MASTERCARD INC CLASS A 0.4325% 0.4325% INTEL CORPORATION CORP 0.4207% 0.4207% SHORT-TERM INVESTMENT FUND 0.4158% 0.4158% ROCHE HOLDING PAR AG 0.4017% 0.4017% VERIZON COMMUNICATIONS INC 0.3792% 0.3792% NVIDIA CORP 0.3721% 0.3721% AT&T INC 0.3583% 0.3583% SAMSUNG ELECTRONICS LTD 0.3483% 0.3483% ADOBE INC 0.3473% 0.3473% PAYPAL HOLDINGS INC 0.3395% 0.3395% WALT DISNEY 0.3342% 0.3342% CISCO SYSTEMS INC 0.3283% 0.3283% MERCK & CO INC 0.3242% 0.3242% NETFLIX INC 0.3213% 0.3213% EXXON MOBIL CORP 0.3138% 0.3138% NOVARTIS AG 0.3084% 0.3084% BANK OF AMERICA CORP 0.3046% 0.3046% PEPSICO INC 0.3036% 0.3036% PFIZER INC 0.3020% 0.3020% COMCAST CORP CLASS A 0.2929% 0.2929% COCA-COLA 0.2872% 0.2872% ABBVIE INC 0.2870% 0.2870% CHEVRON CORP 0.2767% 0.2767% WALMART INC 0.2767% -
Boston San Francisco Munich London
Internet & Digital Media Monthly August 2018 BOB LOCKWOOD JERRY DARKO Managing Director Senior Vice President +1.617.624.7010 +1.415.616.8002 [email protected] [email protected] BOSTON SAN FRANCISCO HARALD MAEHRLE LAURA MADDISON Managing Director Senior Vice President +49.892.323.7720 +44.203.798.5600 [email protected] [email protected] MUNICH LONDON INVESTMENT BANKING Raymond James & Associates, Inc. member New York Stock Exchange/SIPC. Internet & Digital Media Monthly TECHNOLOGY & SERVICES INVESTMENT BANKING GROUP OVERVIEW Deep & Experienced Tech Team Business Model Coverage Internet / Digital Media + More Than 75 Investment Banking Professionals Globally Software / SaaS + 11 Senior Equity Research Technology-Enabled Solutions Analysts Transaction Processing + 7 Equity Capital Markets Professionals Data / Information Services Systems | Semiconductors | Hardware + 8 Global Offices BPO / IT Services Extensive Transaction Experience Domain Coverage Vertical Coverage Accounting / Financial B2B + More than 160 M&A and private placement transactions with an Digital Media Communications aggregate deal value of exceeding $25 billion since 2012 E-Commerce Consumer HCM Education / Non-Profit + More than 100 public equities transactions raising more than Marketing Tech / Services Financial $10 billion since 2012 Supply Chain Real Estate . Internet Equity Research: Top-Ranked Research Team Covering 25+ Companies . Software / Other Equity Research: 4 Analysts Covering 40+ Companies RAYMOND JAMES / INVESTMENT BANKING OVERVIEW . Full-service firm with investment banking, equity research, institutional sales & trading and asset management – Founded in 1962; public since 1983 (NYSE: RJF) – $6.4 billion in FY 2017 revenue; equity market capitalization of approximately $14.0 billion – Stable and well-capitalized platform; over 110 consecutive quarters of profitability . -
Banking Rewards & Dining
Banking Rewards & Dining: A Changing Landscape Presented by: Sponsored by: INTRODUCTION Banks and financial services companies have used Travel remains dining as a key differentiator for their card products the most impacted for many years. The COVID crisis has accelerated this category, still trend while upending existing usage of cards for other down over 50%... services. Simply put, during the pandemic, travel and Crisis fosters related benefits have become less relevant. Card issuers innovation. are pivoting to where consumers are spending instead, Vasant Prabhu namely: food. Vice Chairman and Chief Financial Officer, Visa Vasant Prabhu, Vice Chairman and CFO, of Visa, noted as much during a July earnings call, stating: “Travel remains the most impacted category, still down over 50%. Within the restaurant category, card-present spend is still declining, while card-not- present spend continues to grow significantly, with quick service restaurants outperforming.…Crisis fosters innovation. There’s a lot going on.”1 Card issuers are innovating. They are experimenting with differing approaches of how to adapt offerings to meet customers’ dining, delivery, and grocery needs during, as well as perhaps after, the pandemic. Background: dining and dining cards 2017 Dining cards have a long and rich heritage, starting Launch of Capital One Savor Card, with the launch of the Diners Club Card in 1950 by the first card catering to food spend businessman Frank McNamara. He founded the company following an incident: he forgot to bring his wallet to a New York restaurant and vowed never to be 2018 similarly embarrassed again.2 Citi Prestige increases earn for dining rewards to 5X points Over the past 5 years credit card companies have recognized dining as a key focus area to attract affluent consumers. -
Waitr a Complete Data Solution for Restaurants and Their Guests to Make the Most of the Dining Experience
Waitr A Complete Data Solution For Restaurants And Their Guests To Make The Most Of The Dining Experience. Authors: Daniella Erulker, Sahil Kumar, Anushka Makhija, Liz Reckart, Kevin Thomas Advisor: Boon Thau Loo Abstract the rising popularity of delivery services like GrubHub and UberEats, more and more restaurants are offering online Over half of surveyed UPenn students eat out at least once a takeout options either through these sites or through their day, and almost a third have between four and seven food- own. Our team saw a need to reintegrate the entire restaurant related apps, making the restaurant industry a significant part of the local Philadelphia economy. However, the dig- business funnel, from the point that the customer searches ital restaurant experience is completely decentralized; con- for a restaurant all the way to restaurant owners’ evaluation sumers need to use several applications and services to com- of their business’s sales. plete basic tasks, from identifying restaurants to splitting the First, we’ll cover the pain points associated with the con- bill. At the same time, smaller local restaurants have diffi- sumer restaurant experience and consumer needs. In the culty pinpointing meaningful data that can translate into in- ideal solution, customers need a centralized place to make sightful and actionable takeaways. Waitr mitigates these is- reservations, order, and pay during a restaurant experience. sues by centralizing the customer restaurant experience into The current purchase journey for a consumer involves the one app and thereby provides restaurants with access to data following steps: Find a restaurant (Yelp, Maps, etc.), reserve that they would not have had before. -
2021 J-1 Exchange Visitor Handbook
COMPASS 2021 J-1 Exchange Visitor Handbook Rev. 08/11/2021 Welcome to the University of Alabama at Birmingham, home of the UAB Blazers! It is a great time to be in Birmingham. The population of the city center is increasing thanks to exciting new living and dining options in areas such as Parkside, the Loft District, and Lakeview, and we are proud of beautiful new green spaces such as Railroad Park, Rotary Trail, and Red Mountain Park. In 2022, Birmingham will host the World Games. There is more to see and do in Birmingham than ever before, and our job at ISSS is to make sure that you have the time and peace of mind to enjoy every opportunity. UAB was instrumental in Birmingham’s urban renaissance and has helped the city transform from an industrial economy to one based largely on medical, legal, banking, and technical services. The international community plays a large and important role in the University’s continued success and in Birmingham’s international renown. We are glad to have you on campus! Our dedicated staff has decades of experience advising international students and scholars on tax, immigration, and cultural issues. Please do not hesitate to drop by the international center or contact us. MORE ABOUT ISSS International Student & Scholar Services (ISSS) facilitates international exchange and understanding through multicultural programs and services. We are the principal administrative and advising office for all international students, scholars, staff, and clinical faculty. The role of ISSS is to expand and strengthen international ties between individuals and academic programs on campus and to encourage the exchange of ideas and information key to developing international awareness. -
AGC-Restaurant-Tech-Nov-2019
Type & Color November, 2019 INSIGHTS The Future of Restaurant Technology How Technology is Transforming the Restaurant Industry Greg Roth, Partner Ben Howe, CEO Jon Guido, Partner & COO Sean Tucker, PartnerAGC Partners ExecutiveType & Color Summary Massive $900B market experiencing rapid digital adoption and software growth . An extended economic recovery, low unemployment rate, and continued rise of millennials as the largest demographic in the workplace are factors driving strong restaurant spending . Third party delivery market is exploding; eating in is the new dining out US Digital Restaurant Sales . Cloud based POS systems are replacing incumbent providers at an accelerating pace and ($ Billions) achieving higher ACV with additional features and functionality $328 . Front of house applications including Online Ordering, CRM and Loyalty programs are other areas of accelerating spend in order to capture more valuable repeat diners 27% CAGR . Razor thin profit margins and unique challenges restaurants face require purpose built solutions to cut costs, gain efficiencies, and increase visibility . Hiring, training and retaining workers in a complex and changing regulatory environment is one $117 of the largest challenges restaurants face $48 . Unlocking of data silos enabling business analytics across the value chain . Automation and AI beginning to impact restaurant operations and economics, freeing up scarce employee resources to focus on customers 2017 2020 2025 . Ghost Kitchens and Online Catering are two emerging growth areas taking advantage of online Note: based on estimated percentage of sales derived from digital channels and total industry sales forecasts delivery trends and attractive unit economics . Restaurant Management Software spend tilted towards front of house (~60%) technologies vs. -
COVID-19 Consumer Spend Impact
COVID-19 Consumer spend impact Consumer panel transaction analysis THROUGH WEEK ENDING MARCH 18, 2020 Summary of data available from credit/debit/checking transaction database • Weekly sales, transactions, unique customers, ATV, frequency – For US, Seattle-Tacoma-Bellevue CBSA, NY-Newark-Jersey City CBSA – From '16 to week ending 3/18/2020 (updated weekly for the prior week) – In the following sectors: Amazon (ex. Whole Foods), Apparel & Accessories, Department Stores, Electronics, Food Delivery, Grocers, Health/Fitness/Beauty, Hobby, Home, Mass Retail, Media & Entertainment, Online Grocery, Payment & Other Finance, Pharmacy, Restaurants, Telecommunication, Transportation, Travel • Weekly %YoY change in sales, transactions, unique customers by company – For US only – From '19 to week ending 3/18/2020 (updated weekly for the prior week) – In the following sectors: Apparel and Accessories, Department Stores, Food Delivery, Grocers, Online Grocery, Pet Supplies, Restaurants • Additional data may be available but would need to be purchased separately Source: BCG Marketing, Sales, and Pricing; BCG GAMMA; Earnest Research 1 Copyright © by 2020 Boston Consulting Group. All rights reserved. Overall consumer spend impact across sectors Company-specific spend impact within sectors: • Restaurants • Food Delivery Table of • Grocers • Online Grocery contents • Department Stores • Apparel and Accessories • Pet Supplies Appendix: list of companies with data availability and index definitions 2 Copyright © by 2020 Boston Consulting Group. All rights reserved. -
Global All Hands
GlobalUber Acquisition Allof HandsPostmates July 6, 2020 Forward Looking Statements This communication contains forward-looking statements to obtain, or delays in obtaining, required regulatory approvals, us and/or Postmates; and economic, financial, social or political regarding Uber Technologies, Inc.’s (“Uber,” “we” or “our”) future any reverse termination fee that may be payable by us in conditions that could adversely affect us, Postmates or the business expectations which involve risks and uncertainties. connection with any failure to obtain regulatory approvals, the proposed transaction. For additional information on other Actual results may differ materially from the results predicted, risk that such approvals may result in the imposition of potential risks and uncertainties that could cause actual results and reported results should not be considered as an indication conditions that could adversely affect us or the expected to differ from the results predicted, please see our Annual of future performance. Forward-looking statements include all benefits of the proposed transaction, or the failure to satisfy any Report on Form 10-K for the year ended December 31, 2019 statements that are not historical facts and can be identified by of the closing conditions to the proposed transaction on a and subsequent Form 10-Qs and Form 8-Ks filed with the terms such as “anticipate,” “believe,” “contemplate,” “continue,” timely basis or at all; costs, expenses or difficulties related to the Securities and Exchange Commission (the “SEC”). All -
Below Is a List of Our Gretna Restaurants Remaining Open for Curbside Pickup, Takeout, and Delivery Throughout This Time
Below is a list of our Gretna restaurants remaining open for curbside pickup, takeout, and delivery throughout this time. Any changes will be updated as soon as possible. If you are able to, please think about patronizing our Gretna restaurants! Café Hope A&W Catering Tuesday—Friday, 5pm-7pm Monday – Friday, 8am-4pm Takeout Fish Fry Fridays – 4pm-7pm Daily menu on Facebook Family style catering and nightly menus Catering services available Takeout 504-388-4631 www.AWCateringServices.com Café Zen Banana Blossom Monday—Thursday, 11am-2:30pm, 5pm-9:30pm Tuesday—Saturday, 11am-3pm & 5pm-10pm Friday, 11am-10pm Takeout and delivery through Waitr Saturday, 12pm-10pm Serving full menu Serving full menu Facebook: Banana Blossom Takeout 504-393-2293 Beef Connection Steakhouse Monday—Saturday, 4pm-8pm Clean Creations Takeout Monday—Friday, 7am-7pm Serving full menu Saturday—Sunday, 8am-4pm 504-363-3275 Grab and go meals Weekly menus available online Benny’s Seafood and Taqueria www.CleanCreations.com Monday—Saturday, 9:25am-6:30pm Takeout Common Grounds 504-301-3523 Tuesday—Sunday, 9am-9pm Takeout Big EZ Seafood Serving full menu Monday—Saturday, 11am-8pm www.CommonGroundsGretna.com Sunday, 10am-6pm Takeout, delivery within Gretna, and Uber Eats Courthouse Café Serving full menu Monday—Friday, 7am-2pm Facebook: Big EZ Seafood Takeout, delivery within 4 block radius Serving full menu Café 615: Home of Da Wabbit Facebook: Courthouse Café Monday—Friday, 11am-8pm Serving full menu CubaMex Catering services available Monday—Saturday, 11am-4pm Curbside pickup and takeout Takeout www.Cafe615.com Serving full menu 504-366-5101 Dickey’s Barbeque Pit Gretna Everyday, 11am-9pm Island Paradise Restaurant & Grill Takeout, in house delivery, and all delivery apps Tuesday—Friday, 12pm-6pm Full menu Saturday, 12pm-7pm www.Dickeys.com Takeout and delivery through all delivery apps Serving full menu El Paso Restaurant Facebook: Island Paradise Restaurant & Grill LLC.