Online Bulk Retailer Boxed Files for Chapter 11 Bankruptcy
- Company actively sought to sell itself before filing
- Rejected Kroger offer to buy company for $400 million in 2018
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Boxed Inc., an online bulk retailer that thrived during the pandemic, filed for bankruptcy on Sunday.
The New York-based firm listed as much as $102.6 million in assets and up to $190.4 million in liabilities in a Chapter 11 petition filed in the district of Delaware.