Who owns Blue Apron?
Blue Apron is an American ingredient-and-recipe meal kit company headquartered in New York City, operating its services exclusively in the United States. As of September 2016, the company had shipped 8 million meal servings. In June 2017, the company went public with an initial public offering. Blue Apron and other meal kit companies have been…
Blue Apron is an American ingredient-and-recipe meal kit company headquartered in New York City, operating its services exclusively in the United States. As of September 2016, the company had shipped 8 million meal servings. In June 2017, the company went public with an initial public offering.
Blue Apron and other meal kit companies have been criticized for creating excess packaging waste from individually packaged ingredients. As of 2017, Blue Apron partners with farms that limit agricultural chemicals and promote soil health through crop rotation to grow specialty crops for the company.
Who owns Blue Apron?
Matt Salzberg and two co-founders launched Blue Apron in 2012 and grew it to a $2.2 billion valuation before going public in July 2017, just as Amazon bought Whole Foods. Soon, Blue Apron’s stock tanked.
On November 30, 2017, Blue Apron announced that Brad Dickerson would be replacing Salzberg as CEO; Salzberg will remain chairman. As of March 26, 2018, Blue Apron has lost 81.4% of its market value since its initial public offering. In addition, Blue Apron began selling 4 servings of meal kits at 17 Costco locations in California, marking the company’s entrance into physical retail and Tim Bensley, formerly of Acosta Sales & Marketing, entered as CFO.
