Wonder Group Secures Blue Apron in $103M Deal by Investor Mark Lore
Wonder Group Secures Blue Ap...
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Wonder Group Secures Blue Apron in $103M Deal by Investor Mark Lore

13 November 2023
2 min.
Wonder Group Secures Blue Apron in $103M Deal by Investor Mark Lore

Blue Apron's Renaissance

Wonder Group, led by serial entrepreneur Marc Lore, has successfully acquired Blue Apron Holdings in a $103 million deal, securing the future of the renowned meal kit delivery company. Operating as a subsidiary, Blue Apron maintains brand integrity and continues producing its popular meal kits.

Key Moments

  • Seamless Transition: All 165 Blue Apron employees have joined Wonder Group, ensuring a smooth integration.
  • Ownership and Operations: Wonder Group now owns Blue Apron's brand and marketing while maintaining the product's original quality.
  • Customer Access: Starting November 13, meal kits can be ordered via Blue Apron's website or app. New York City and New Jersey residents can use the Wonder app for local delivery.
  • Diversified Offerings: Blue Apron's "heat eat" meals are available for delivery in Wonder's zones.
  • Future Expansion: As Wonder Group grows, so will delivery services, aligning with their innovative approach to Fast Fine dining.

Statement from Wonder Group's CEO

Marc Lore expresses excitement about revolutionizing the food industry for consumers with increased choice, flexibility, and convenience.

Blue Apron's Resurgence

The acquisition serves as a lifeline for Blue Apron, formerly a major meal kit provider, resolving recent financial challenges and providing a fresh start.

Wonder Group's Unique Approach

Wonder Group's innovative food hall concept, replicating meals from 20+ restaurants, positions them as a key player in the industry.

Financial Landscape

Blue Apron's financial struggles find resolution through the acquisition, resulting in recapitalization and debt-free status.

Nestle's Investment

Recent investments, including $100 million from Nestle, signify confidence in Wonder Group's potential for growth.

Persons1 and Companies2 in the news

American businessman
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Blue Apron Inc.
1 place
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