It seems like a lifetime ago — SPACs were the “it” way to take companies public. And during the pandemic, eCommerce delivery businesses were the “it” business model. The disruptors, sometimes, get disrupted. The latest reminder came over the weekend when Boxed, the online grocery retailer, filed...
After warning last month that it could declare bankruptcy, eGrocer Boxed has made it official. The company announced late Sunday (April 2) that it had filed for Chapter 11 bankruptcy protection and was looking to sell Spresso, its software business. “This was an incredibly difficult...
Boxed may file for bankruptcy as the SVB collapse exacerbates existing economic challenges. The bulk eCommerce grocer and retailer (which also has a software and services arm) stated in a recent 8-K filing with the United States Securities and Exchange Commission (SEC) that it is looking into “the...
Online consumer-facing wholesale retailer Boxed is considering selling the company as eGrocers face economic challenges. The eTailer announced Thursday (Jan. 5) that its board and advisors are exploring the possibility of selling the company as well as looking into new ways to access additional capital,...
April 03, 2023
After warning last month that it could declare bankruptcy, eGrocer Boxed has made it official. The company announced late Sunday (April 2) that it had filed for Chapter 11 bankruptcy protection and was looking to sell Spresso, its software business. “This was an incredibly difficult decision, and one that we reached only after carefully evaluating […]
May 12, 2022
Online grocery platform Boxed, which sells bulk consumables, has entered a multiyear collaboration with FedEx, according to a Thursday (May 12) press release. Boxed licenses its eCommerce software to enterprise...
November 30, 2021
Online bulk retailer Boxed is set to acquire MaxDelivery, an on-demand grocery delivery service for New York City consumers. As Grocery Dive reported Tuesday (Nov. 30), the deal, set to...
September 01, 2020
Boxed, the U.S. online wholesale retailer sometimes called “Costco for millennials,” is seeking a buyer, Reuters reported. The company is exploring options including a sale or going public via a...
