Wonder Group Buys Struggling Meal Kit Company Blue Apron for $103 Million

Wonder Group is buying meal kit company Blue Apron for $103 million to enhance offerings
Wonder Group started with meal delivery vans but faced pushback over environmental impact
Blue Apron is a known name in meal kits but has faced increased competition
In 2019, Blue Apron was at risk of delisting from NYSE due to stock price
Blue Apron announced in 2020 it was considering selling itself as it lost customers and revenue declined

yahoo.com

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9/29/2023

Blue Apron Acquired by Wonder Group for $103 Million, Aims to Create 'Mealtime Super App'

Meal delivery service Blue Apron saw its shares surge more than 130% after being acquired by food delivery startup Wonder Group, led by former Walmart and Jet executive Marc Lore, in a deal valuing the company at $103 million.

9/29/2023

Marc Lore's Wonder Group acquires struggling meal kit company Blue Apron for $103 million

Marc Lore, the co-founder of Jet.com and former CEO of Walmart.com, has acquired meal kit company Blue Apron for $13 per share through his startup Wonder Group, creating a "mealtime super app" that aims to deliver fine-dining-quality meals from restaurants to customers' homes and disrupt the food delivery industry.