USA: Webvan must drive fast to stay ahead of its losses
Time is of the essence for Californian grocery delivery company, Webvan.com. The Nasdaq Stock Market has given the group 90 days to get its share price above US$1 before it is delisted and, at its current rate of cash consumption, Webvan has six months before the money dries up. The race to find more big-budget and frequent online customers is on in earnest.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- Does Kraft Heinz want to swallow Unilever whole?
- US food next wave on display at Winter Fancy Food
- Focus: Nestle CEO plan to balance sales, earnings
- Comment: Meal kits in US - don't believe the hype
- Wessanen eyes growth in "resurgent" organic market
- Kraft Heinz pulls Unilever bid
- General Mills issues profit warning
- Kerry operating earnings strengthen on slow sales
- Kerry Group staff in Ireland suspend strike action
- Kraft Heinz pursuing Unilever in takeover move