Technet: Daily Crunch - Blue Apron might sell itself

Wednesday, February 19, 2020

Daily Crunch - Blue Apron might sell itself

Blue Apron is considering selling itself

Meal kit company Blue Apron has been struggling for a long time, with its lackluster debut on the public market, employee lawsuits and layoffs. So it should come as no surprise that the company announced that it’s exploring “strategic alternatives” like selling itself, merging or raising more capital.

“Our strategic alternatives process, together with our cost optimization initiatives, is intended to best position the company for the future, including to support our growth strategy,” said CEO Linda Findley Kozlowski in a statement. “These efforts reflect the commitment of the Board, management and myself to doing what's in the best interest of the business, Blue Apron's shareholders and other stakeholders."

Blue Apron is considering selling itself image

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Image Credits: PAU BARRENA / Getty Images

Coinbase becomes a Visa Principal Member to double down on debit card

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ForgePoint raises a massive new $450M fund for early-stage cybersecurity startups

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