Amazon aggregator Thrasio prepares for bankruptcy: report
Thrasio Holdings, which acquires third-party sellers on Amazon, is preparing to file for bankruptcy as it grapples with a post-pandemic slump in online spending, the Wall Street Journal reported on Thursday.
Thrasio has been advised by New York-based consulting firm AlixPartners in recent years and their retail turnaround professional Holly Etlin is currently working with the company, the report said, citing people familiar with the matter.
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Offering CollegeCourseWebsiteMITMIT Technology Leadership and InnovationVisitNorthwestern UniversityKellogg Post Graduate Certificate in Product ManagementVisitIIM KozhikodeIIMK Senior Management ProgrammeVisit The aggregator did not immediately respond to a Reuters' request for comment.
In 2021, Thrasio said it had raised $1 billion in a funding round led by private equity firm Silver Lake, taking its total funding to $3.4 billion.
The company has been working with law firm Kirkland & Ellis to explore restructuring options, the Journal had reported in September.
