Kroger reportedly among Boxed suitors
Kroger could be the latest retailer to acquire an e-commerce company, with Forbes reporting that the Cincinnati-based company is among the companies looking to acquire online wholesaler Boxed. The report, citing sources close to the talks, said that Kroger’s initial offer could value Boxed for between $325 million and $500 million.
Forbes also reported that some of Kroger’s grocery competitors are also interested, though they hadn’t made formal offers as of Friday. Boxed was launched in 2013 and has been seen as an e-commerce version of such wholesale stores as Sam’s Club and Costco.
Kroger’s move would mean it would be following a similar tack as Target, which recently acquired online grocery company Shipt, and Walmart, which acquired Jet.com in late 2016.
To read the full Forbes report, click here.
Forbes also reported that some of Kroger’s grocery competitors are also interested, though they hadn’t made formal offers as of Friday. Boxed was launched in 2013 and has been seen as an e-commerce version of such wholesale stores as Sam’s Club and Costco.
Kroger’s move would mean it would be following a similar tack as Target, which recently acquired online grocery company Shipt, and Walmart, which acquired Jet.com in late 2016.
To read the full Forbes report, click here.