Kroger Reportedly Bid for Online Club Retailer Boxed
Forbes, Friday, Jan 12, 2018
Boxed.com, an online club retailer, is an acquisition target of grocery giant Kroger as well as other major retailers. It appears that Boxed would pursue a quick auction process should multiple retailers make formal bids. Kroger has already made a formal offer, though the value of that offer is unknown. Costco, Target, and Aldi have also been mentioned as potential bidders. Boxed had raised money in 2016 at a valuation of $470 million.
Tags: Aldi Nord, Amazon, Boxed, Boxed.com, Costco, Digital, Ecommerce, Ecommerce Enablement, Flexible Fulfillment, Fulfillment, Kroger, Marketplaces, Mergers & Acquisitions, Divestitures, North America, Target, USA