Boxman sinks

No buyers

Boxman, the e-retailer, is to go into liquidation, after failing to find a buyer. The company, which burned through £50 million of shareholder funds, was losing upwards of £2 million a month at the time of its collapse earlier this month. Everyone appears to rate Boxman highly, so what's in store for less well-run dotcom businesses? is back online today and already it could find itself with a new owner - parent company has received an unsolicited offer for from Sitestar, an Internet investment company, valuing the group at $22.5 million. How serious the offer is is anyone's guess - Sitestar last week backed out of an agreed offer to acquire ®

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