Amazon: Thrasio has been advised in recent years by New York-based consulting firm AlixPartners, and their retail turnaround professional Holly Etlin is currently working with the company, according to the report, which cited people familiar with the matter.
The Wall Street Journal reported on Thursday that Thrasio Holdings, which acquires third-party sellers on Amazon (AMZN.O), is preparing to file for bankruptcy as it deals with a post-pandemic slump in online spending.
Thrasio has been advised in recent years by New York-based consulting firm AlixPartners, and their retail turnaround professional Holly Etlin is currently working with the company, according to the report, which cited people familiar with the matter.
Amazon: Thrasio, an Amazon aggregator, is preparing for bankruptcy
When Reuters reached out to the aggregator for comment, they did not reply right away.
Thrasio reported in 2021 that it had raised $1 billion in a financing round headed by the private equity firm Silver Lake, bringing its total funding to $3.4 billion.
According to a September Journal story, the company has been exploring restructuring options with the assistance of law firm Kirkland & Ellis.
