The Briefing Room
General Category => Economy/Business => Topic started by: rangerrebew on July 01, 2017, 11:56:58 am
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Deals | Fri Jun 30, 2017 | 4:57pm EDT
Big Food hungry for meal kits, despite Blue Apron IPO flop
By Lauren Hirsch
The downsized initial public offering of Blue Apron Holdings Inc (APRN.N), the first U.S. meal-kit company to go public, may have disappointed venture capital investors, but food companies with stakes in the sector may still see returns in the form of insight into changing eating habits.
The meal-kit investments have come as out-of-favor brands, increased competition and pricing wars among grocers weigh on sales and profitability at the biggest food companies.
http://www.reuters.com/article/us-blueapron-ipo-competitors-idUSKBN19L2SE