As Americans hole up at home to wait out the coronavirus pandemic, fewer people ...
NEW YORK - As Americans hole up at home to wait out the coronavirus pandemic, fewer people are going out to eat, leading some fast food chains to cut delivery fees and meal delivery platforms to suspend commissions.
Restaurants need the financial relief. They face an expected drop in diners as states and cities postpone major events – from the Boston Marathon to Broadway shows - and crack down on dining establishments and other gathering places themselves. Grubhub is KFC’s exclusive national delivery partner, after Yum bought a 3% stake in the company for $200 million in 2018.
Late last month, the New York City Council introduced legislation to limit commission fees to third-party platforms at 10% and require the platforms to obtain operating licenses.
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