Boxed, the online bulk essentials retailer, has returned under new ownership. The company restarts operations after a period of transition, aiming to serve customers seeking cost-effective bulk purchases.
Boxed has been acquired following its bankruptcy filing amid shifting economic conditions. The move reflects broader optimism among online grocery providers as inflationary pressures ease. Boxed’s sale marks a notable transition in the competitive eGrocery sector, where consolidation and strategic pivots are accelerating.
Aug 2023PYMNTSNews article
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MSG Distributors, Inc. acquires Boxed.com, the bulk-sized online retailer that filed for bankruptcy earlier this year. The deal expands MSG’s B2B service offerings into e-commerce. Boxed.com specializes in selling non-perishable and household goods in bulk quantities to consumers.
MSG Distributors is relaunching Boxed.com as a bulk-products e-tailer for both consumer (B2C) and business (B2B) markets. The move follows the acquisition of the brand, positioning it to re-enter the competitive online grocery and wholesale space.
