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Marc Lore, a billionaire former Walmart executive, is now the CEO of Wonder Food Delivery.
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Wonder offers mobile kitchens that can prepare delicious meals right outside your home.
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Lore founded Quidsi, and Jet.com which were both sold to Amazon.
Marc Lore officially takes the helm at a new venture: Gourmet meals made right outside your home.
Ex-Walmart executive and billionaire Lore announced Tuesday that he is now "all in" on Wonder. Wonder is a food delivery company he invested in previously. Lore will now be the founder, chairman and CEO of Wonder Group. This group includes Wonder, which operates mobile kitchens and Envoy which delivers traditional food.
Lore stated that Wonder envisions a future in which everyone can access the best food anywhere, anytime. Lore made the announcement via LinkedIn. While we are focused on the present and providing affordable food, we are equally passionate about creating a future in which our food is more nutritious and our company more sustainable.
With its mobile kitchens, Wonder is doing something different in the food delivery industry. Lore shared on LinkedIn that Wonder does not prepare the food in a restaurant, ghost kitchen or startup Reef. Instead, Wonder sources its ingredients directly from a central commissary. The meals are then "fired and finished" in Wonder's mobile kitchens, which are located just steps from your home.
Lore stated that Wonder will serve everything, from family-style meals to salads, burgers and steaks to its menus. It also partners with top chefs to create exclusive menus.
Wonder started operating in stealth mode in Westfield (New Jersey) earlier this year. CNBC reports that 60 mobile kitchens are currently being operated by the company. The company plans to expand into Westchester County, New York next year.
Lore shared with CNBC that Wonder plans to have a fleet up to 1,300 mobile cooking units next year, with plans to expand nationally.
CNBC reported that Chad and Lore were investors in Wonder, and that Scott Hilton was the CEO. CNBC reports that Wonder's CEO will be Hilton, while Lore will manage the whole group.
Lore, who was resigned as CEO of Walmart's US E-commerce Division in January, is an entrepreneur from 2005 when he cofounded Quidsi. He sold the company to Amazon six year later for $500 million. Lore was briefly employed by Amazon before launching Jet.com, an online competitor to Amazon that he sold in 2016 for $3B in cash and stock.
Lore left his Walmart job in January to focus on Telosa, a futuristic city that will offer equal access to education and healthcare to all its residents. Lore calls the ambitious venture a "combination of equality and capitalism" or "equitism". The first phase is expected to cost $25 Billion, while the final cost will be more than $400 billion.
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