Tags: juicero | startup | buyer

Startup Juicero Shutters Operations and Plans to Seek a Buyer

Startup Juicero Shutters Operations and Plans to Seek a Buyer
(Dollar Photo Club)

Saturday, 02 September 2017 12:56 PM

Juicero Inc., the vegetable and fruit juice startup that raised more than $100 million from investors, said it will suspend sales, offer refunds to customers and find a buyer for the company.

The decision to effectively shut down its business comes four months after a Bloomberg News report that the company’s juice packets could be squeezed by hand and didn’t require Juicero’s machine, which cost $400. The machine had previously sold for $700, before the price cut.

Juicero announced the decision in a statement Friday posted on its website. “It became clear that creating an effective manufacturing and distribution system for a nationwide customer base requires infrastructure that we cannot achieve on our own as a standalone business,” the San Francisco-based company said.

Fortune earlier reported Juicero’s decision to cease operations.

© Copyright 2020 Bloomberg News. All rights reserved.


   
1Like our page
2Share
Companies
Juicero Inc., the vegetable and fruit juice startup that raised more than $100 million from investors, said it will suspend sales, offer refunds to customers and find a buyer for the company.The decision to effectively shut down its business comes four months after a...
juicero, startup, buyer
131
2017-56-02
Saturday, 02 September 2017 12:56 PM
Newsmax Media, Inc.
 
Newsmax TV Live

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved