Boxed Inc filed for Chapter 11 bankruptcy protection and was pursuing sale of its software business, the e-commerce grocery platform said on Sunday, adding that it will also wind down its retail operations in the coming weeks.
Chieh Huang, Co-Founder and CEO, Boxed speaks during the Milken Institute's 22nd annual Global Conference in Beverly Hills, California, U.S., April 29, 2019. REUTERS/Mike Blakefiled for Chapter 11 bankruptcy protection and was pursuing sale of its software business, the e-commerce grocery platform said on Sunday, adding that it will also wind down its retail operations in the coming weeks.
"This was an incredibly difficult decision, and one that we reached only after carefully evaluating and exhausting all available options," Chief Executive Officer and co-founder Chieh Huang said in a statement.
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