Naeem Ishaq is leaving his role as chief financial officer of bulk e-commerce company Boxed. Ishaq joined Boxed in 2016, following a stint as head of finance, strategy and risk at Square. A Boxed spokesperson confirmed Ishaq’s departure, and sent the following statement from CEO Chieh Huang: Naeem is a world-class financial talent. Over the […]
Boxed, the site for buying food and household items in bulk, has turned down a $400 million acquisition offer from Kroger, Bloomberg reports.
Earlier this year, word on the street was that Boxed was in talks with Kroger to be acquired for about $500 million. At the time, other retailers were rumored to also be making bids.
It seems those other interested parties were Amazon, Target and Costco. Read More
New York-based Boxed, the startup for buying food and household items in bulk, is in talks to be acquired by Kroger for about $500 million. Other retailers are also expected to be making bids. The news was first reported by Forbes and confirmed to TechCrunch by a source with knowledge of the situation. We’re hearing that the company is aiming to make a decision this weekend. Founded… Read More
You’re probably going to get a better deal when you buy consumer products — like paper towels — wholesale, but at the same time you’re also buying a very, very large package of said consumer products. So, they might not always fit in your apartment. Wholesale goods are the primary play for a startup called Boxed, a retailer looking to play the sort of… Read More
Boxed offers the online equivalent of the bulk shopping offered at stores like Costco. But big discounts aren’t the only thing the company’s focused on. Boxed introduced automation to its Union, New Jersey fulfillment center earlier this year, installing a system where the items for shipping are transported to the people doing the packing. And the company says it was able to make… Read More