Amazon aggregator Thrasio, emerges from bankruptcy and names Stephanie Fox CEO, marking a fresh start for the company
Greg Greeley, who had previously served as the company’s chief operating officer, would relinquish his position upon the conclusion of the company’s global restructuring.
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Fox, who had previously served in the position, would implement the change.
Thrasio has declared that it will prioritize profitability due to its recent acquisition of third-party merchants on Amazon.
The company had not only filed a petition for protection under the bankruptcy laws by the end of February, but it had also engaged in a restructuring plan with several of its creditors to reduce the amount of debt it owed.
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At that time, Thrasio disclosed that it had secured financial commitments from its existing shareholders of ninety million dollars. The value of these commitments was ninety million dollars.