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StockNews.com
StockNews.com
Business
Aditi Ganguly

Is Bark Inc. Stock a Buy After Announcing a New CEO?

New York City’s BARK, Inc. (BARK) is a leading global retailer of dog products. On June 2, 2021, the company went public through an SPAC deal. It merged with blank check company Northern Star Acquisition Corp. and raised $427 million in cash proceeds.

On January 10, BARK’s co-founder and Executive Chairman, Matt Meeker, became the company’s CEO. Meeker had previously served as BARK’s CEO for nine years following the company’s inception in 2011. Following his reappointment, Meeker said, “I am eager to resume the role of Chief Executive Officer and build on the momentum that Manish and the talented team at BARK have achieved…I believe that the next few years will be transformative for BARK as we leverage our scale and brand to grow our footprint in areas like food and health—initiatives that I am passionate about personally.”

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