Yum Brands Buys 3 percent Stake in GrubHub

Yum Brands Inc. is buying a 3 percent stake in food-delivery service GrubHub Inc. for $200 million, making it one of the first fast-food companies to directly invest in a food-delivery service as it maneuvers the world of online food sales.

Yum Finance Chief David Gibbs told investors Thursday that the relationship with GrubHub is designed to increase customers’ access to its KFC, Taco Bell and Pizza Hut brands.

Food makers are increasingly trying to capture sales from consumers who are finding it easier—and often, cheaper—to dine... More...

story and thumbnail courtesy of wsj.com

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