Blue Apron On The Brink? Seeks Funds Or A Sale As It Closes Facility
Meal kit delivery startup Blue Apron was Wall Street’s most promising IPO in 2017. Now it is “evaluating a broad range of strategic options” that could result in an additional money raise, sale, and or even bankruptcy.
“There can be no assurance that the review of strategic alternatives will result in a transaction on a timely basis, or at all, or that any transaction will produce the intended benefits for Blue Apron stakeholders,” the company wrote.