Original URL: https://www.theregister.com/2000/10/24/boxman_sinks/

Boxman sinks

No buyers

By Drew Cullen

Posted in On-Prem, 24th October 2000 12:50 GMT

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?



Boo.com is back online today and already it could find itself with a new owner - parent company Fashionmall.com 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 Mothernature.com. ®