APRN / Blue Apron promises adjusted profit, but says more staff cuts are ahead

The pandemic lockdowns accelerated the use of food delivery and takeout services. Companies like Uber Technologies Inc NYSE: UBER, Uber Eats, Maplebea more_horizontal

Nike (NKE) shares close the week higher after reporting a first-quarter earnings beat. Wonder Group has reached a deal with Blue Apron (APRN) to acqui more_horizontal

Blue Apron has in recent months transitioned to become a more asset-light business, selling its operational infrastructure and laying off staff. more_horizontal

As competition for consumers' meal delivery spend heats up across businesses ranging from direct-to-consumer (D2C) sites and major food brands to rest more_horizontal

Shares of Blue Apron Holdings (APRN) more than doubled in early trading on Friday after Wonder Group agreed to purchase the meal kit provider for $103 more_horizontal

Shares of meal kit company Blue Apron are up 133% in early trading on Friday, following the company's announcement that it agreed to be purchased by W more_horizontal

Blue Apron announced the merger in a press release on Friday, which said Wonder is set "to acquire all outstanding shares of the company's Class A com more_horizontal

Blue Apron, a provider of meal kits, has entered into a definitive merger agreement to be acquired by Wonder Group, a company focused on at-home dini more_horizontal