Marc Lore | |
|---|---|
| Born | Marc Eric Lore May 16, 1971 New York City, US |
| Education | Bucknell University (BA) Columbia University (dropped out) Wharton School of the University of Pennsylvania (dropped out) |
| Occupation | Entrepreneur |
| Known for | Walmart eCommerce CEO, GARP, Diapers.com and Jet.com, Founder, Chairman, and CEO of the Wonder Group |
| Spouse | Carolyn Lore (divorced) |
| Children | 2 |
| Website | www |
Marc Eric Lore (/ˈlɔːri/ LOR-ee; born May 16, 1971) is an American entrepreneur,[1] businessman, investor,[2] and NBA owner.[3] In December 2021, CNBC reported that Lore is now the Founder, Chairman, and CEO of the Wonder Group.[4] From 2016 to 2021, he was the President and CEO of Walmart U.S. eCommerce.[5] Lore was appointed in September 2016 to lead Walmart's e-commerce division when his company Jet.com—an e-commerce website launched in 2014—was acquired by Walmart, Inc. Walmart purchased Jet for $3.3 billion.[6]
Prior to Jet, Lore was the CEO and co-founder of Quidsi, the parent company of a family of websites, including Diapers.com. Quidsi was sold in 2011 to Amazon for $545 million.[7] Lore was named regional Entrepreneur of the Year by Ernst & Young in 2011,[8] one of the "smartest people in technology" by Fortune,[9] and dubbed the LeBron James of e-commerce by Matt Higgins.[10]
After stepping down from Walmart, Recode reported that Lore's next venture will be "a multi-decade project to build 'a city of the future' supported by 'a reformed version of capitalism'",[11] announced in September 2021 as Telosa.[12] In November 2023, Wonder Group—a company Marc founded in 2018—purchased Blue Apron for $103 million.[13]
- ^ Okyle, Carly (July 21, 2015). "Jet.com's Founder Marc Lore: 3 Things You Need to Know About the Man Taking on Amazon". Entrepreneur.
- ^ "With Money From Walmart's Marc Lore, Stealth Startup Archer Buys Its Way Into The Electric Air Taxi Race". Forbes.
- ^ "Sale of Minnesota Timberwolves to Marc Lore, Alex Rodriguez receives approval from NBA". 21 July 2021.
- ^ "Jet founder Marc Lore plots U.S. expansion of food delivery biz: A 'one-stop shop' for cooked meals". CNBC. 7 December 2021.
- ^ "Exec Bio".
- ^ Lunden, Ingrid (August 8, 2016). "Confirmed: Walmart buys Jet.com for $3B in cash to fight Amazon".
- ^ "10 of the Largest Amazon Acquisitions to Date". 9 August 2017.
- ^ Young, Ernst &. "Ernst & Young Entrepreneur Of The Year® 2011 New Jersey Award Winners Announced". www.prnewswire.com (Press release).
- ^ "The Smartest People in Tech - 6 more to know". CNNMoney.
- ^ "The Future of ECommerce with Marc Lore by The Manifestor Mindset". Spotify for Podcasters.
- ^ "Walmart's e-commerce chief is leaving to build "a city of the future"". 15 January 2021.
- ^ Holland, Oscar (6 September 2021). "Plans for $400-billion new city in the American desert unveiled". CNN. Retrieved 7 September 2021.
- ^ Valinsky, Jordan (2023-09-29). "Blue Apron stock surges 130% on news it is being sold | CNN Business". CNN. Retrieved 2023-12-03.