Chain Store Age
Boxed is staying private — for now, anyway.
The retailer that sells bulk groceries, household products and other
items online rejected a $400 million acquisition offer from Kroger. As a
result, the online retailer is pursuing a new funding round to remain
private, according to Bloomberg.
A source told Bloomberg that Boxed’s board voted last week to reject
the offer from the supermarket chain. While the company also has
interest from Amazon, Target, and Costco Wholesale, Kroger was the only
company to make a bid.. . . more