More on Bouqs...
Aspiring to be "a really big floral brand."
Are they planning to acquire FTD someday?
2 Notre Dame alums perhaps plotting a major merger one day? Could be purely coincidental that these guys went to school together and are both into flowers as a business opportunity.
Having worked for a (successful) PE backed portfolio company in the past, have worked through a merger and acquisition. In those cases, management at one company becomes redundant. Like, they didn't need 2 vice presidents of operations, so one was tossed.
Wonder wonder wonder what Nexus is going to do with this bankrupt, furloughed staff during COVID-19, slashed pay, froze hiring, God only knows what's next of a company?
Thanks to whoever posted on another thread that these hot shots at Nexus and Bouqs went to school together.
Will be interesting to watch what happens.
One thing is for certain, though. TOO MUCH COMPETITION in the flower sector. If you're going to be in this business, you need a) a value proposition (that everyone is aware of and can articulate when asked about it) and b) you need to operate in a way that is nothing like your competitors. What are others not doing? What comoany are they not building?
Entrepreneur Peter Thiel, of Paypal fame, would argue to build an entirely unique business that no one else is building. Thiel is brilliant, however, and has rare intellectual ability. So...if you aren't an IQ outlier like Thiel, the next best thing is take your same business and do something very very different.
FTD has a lonnnnng way to go digging out after the fall from grace (being delisted, going bankrupt and almost going bye bye).