Boxed focuses on selling bulk-sized pantry items at wholesale prices. MSG is a regional distributor of consumables and household products that also serves B2B accounts.
Boxed, which filed for bankruptcy in April 2021, has been acquired by regional distributor, MSG Distributors for an undisclosed amount. The company acquired the intellectual property of a bankrupt business to quickly scale its operations.
Grocery Dive: Boxed acquired by MSG Distributors
Rick Watson founded RMW Commerce Consulting after spending 20+ years as a technology entrepreneur and operator exclusively in the eCommerce industry with companies like ChannelAdvisor, BarnesandNoble.com, Merchantry, and Pitney Bowes.
Watson’s work today is centered on supporting investors and management teams incubating and growing direct-to-consumer businesses. Most recently, in partnership with WHP Global, Rick was a critical resource in architecting the WHP+ platform, a new turnkey direct to consumer digital e-commerce platform that powers AnneKlein.com and JosephAbboud.com.
Watson also hosts a weekly podcast, Watson Weekly, where he shares an unbiased, unfiltered expert take on the retail sector’s biggest players.
In the past year alone, Rick has spoken at many in-person and virtual events as well as podcasts on topics ranging from retail/ecom to supply chain/logistics and even digital grocery including CommerceNext IRL, ASCM Connect, and Retail Innovation Conference.
