Just Eat Takeaway.com NV (LSE:JET, NASDAQ:GRUB), the UK-based parent of Menulog, will close its Australian operation a decade after acquiring the business, citing “challenging circumstances” and a shift in investment priorities.
The company bought Menulog in May 2015 for $855 million, marking its entry into the local market. In a statement on its website, Just Eat said the decision followed “careful consideration”.
“While Menulog has a proud 20-year history, it has been navigating challenging circumstances. This strategic decision reflects our focus on accelerating growth and investments in other markets and to deliver the best experience for customers, partners and couriers,” the company said.
About 120 employees will be affected. Just Eat said staff will be “fully supported with generous redundancy packages above legal requirements and outplacement support”.
Menulog will stop accepting orders from midnight on 26 November.
The exit follows the earlier collapses of Deliveroo and Foodora in Australia. In response, the Transport Workers’ Union urged remaining platforms — including DoorDash, Uber Eats, Hungry Panda and Easi — to “urgently get behind standards in the gig economy”.