E-commerce company Thrasio gets throttledio
The headline: Thrasio Takes Steps to Strengthen Financial Position
The sub-headline: Initiates Pre-Arranged Chapter 11 Process with Support from Lenders to Significantly Reduce Debt and Facilitate Comprehensive Balance Sheet Restructuring
The dirty details: this company burned through more than 3.4 billion buying up smaller e-commerce players and selling their inventory on Amazon.
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