Boxman which, like Boo.com, operated as a pan-European business,
abandoned a planned £300 flotation in April following the drop in
value of internet shares in late March. It has since been unable to
find investors willing to keep it alive.
Tony Salter, Chief Executive of Boxman, is reported by FT.com as
saying, “You cannot have a more negative market sentiment than this
towards B2C e-commerce… there is a herd mentality and the herd is
stampeding in the wrong direction.”
