Boxed to Wind Down Retail Business, Sell Software Division in Chapter 11 Bankruptcy
Retail TouchPoints
APRIL 3, 2023
Boxed has filed for Chapter 11 bankruptcy protection and will wind down its retail operations while pursuing a sale of its software business. The ecommerce retailer will fund and protect its near-term operations and cover administrative expenses through access to its cash collateral. million , more than 4X the net loss of $5.9
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