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GRUB 'will gladly work' with NY on liquor

Jul. 12, 2019 9:22 AM ETJust Eat Takeaway.com N.V. (JTKWY) StockJTKWYBy: Brandy Betz, SA News Editor4 Comments
  • GrubHub (NYSE:GRUB) tells Bloomberg it will work with the New York State Liquor Authority and already "operates in full compliance" with the SLA's declaratory ruling from late last year.
  • Statement: "To our knowledge, we are the only third-party national delivery provider in possession of such a ruling from the SLA and will gladly work with them on any updates to their guidelines."
  • GRUB notes the SLA doesn't have jurisdiction over food sales.
  • Earlier this week, the New York Post reported the SLA wants to limit the "stiff fees" charged by GRUB and other delivery companies.
  • GRUB shares are up 0.7% pre-market to $74.50. Shares are down nearly 4% for the week.

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