Amazon Aggregator Thrasio Prepares For Bankruptcy

Thrasio, 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. From a report: 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. 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.

Read more of this story at Slashdot.