Amazon aggregator Thrasio loses CEO, other top execs as company works through bankruptcy
Publishing timestamp: 2024-04-24 20:50:46
Summary
Thrasio's CEO and five other senior executives have stepped down after the company filed for bankruptcy protection. The company, a top aggregator of Amazon third-party sellers, is facing challenges as unsold inventory piles up and some aggregators took on excessive debt. The company is also laying off employees and considering selling off some brands as it restructures its debt to ensure profitability.
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Keywords: jpmorgan drn, goldman sachs group inc, walmart inc, internet, amazon.com inc, business news, technology, blackrock inc, breaking news: technology,