Blue Apron (APRN) Exploring Strategic Alternatives

Blue Apron Holdings, Inc. (NYSE: APRN) announced that its Board of Directors, supported by its management team, is evaluating a broad range of strategic alternatives to maximize shareholder value, including to support the execution of its growth strategy. These alternatives could include, among other things, a strategic business combination, a capital raise through the public or private markets, a transaction that results in private ownership or sale of the company or its assets, or some combination of these.

“We continue to believe that we have the right strategy to drive our resumption of growth as we work to launch additional new capabilities and test new product offerings,” said Kozlowski. “Our strategic alternatives process, together with our cost optimization initiatives, is intended to best position the company for the future, including to support our growth strategy. These efforts reflect the commitment of the Board, management and myself to doing what’s in the best interest of the business, Blue Apron’s shareholders and other stakeholders.”

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