January 19, 2001, 12:00 AM

Peapod Mulls Takeover

Don Davis

Editor

Troubled Internet grocer Peapod, Skokie, Ill., is weighing takeover offers from United Parcel Service, rival HomeGrocer.com and Netherlands-based Royal Ahold, according to CNET news. Earlier this month, Peapod suffered a one-two punch when investors withdrew an anticipated $120 million in funding after CEO William Mallory resigned for undisclosed health reasons. Peapod, which has steadily lost money since its 1989 startup despite building a customer base of 100,000 in eight metropolitan markets, had counted on the financing for ambitious expansion plans. Last year, Peapod lost $28.5 million on revenue of $73.1 million.

Comments

Sign In to Make a Comment

Comments are moderated by Internet Retailer and can be removed.

Not a member? Signup for free today!

Advertisement

Advertisement

Advertisement

Relevant Commentary

FPO

Don Davis / E-Commerce Observer

A growing software vendor doubles down on e-commerce

NetSuite bids to become a viable option for midsized e-retailers.

FPO

Paul Demery /

More power to the carts

The lines are blurring among what might be called basic shopping cart technology systems and ...

Advertisement