Nov 16 (Reuters) - Thrasio Holdings, which acquires third-party sellers on Amazon (AMZN.O), is preparing to file for bankruptcy as it grapples with a post-pandemic slump in online spending, the Wall Street Journal reported on Thursday.
The aggregator did not immediately respond to a Reuters' request for comment.
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.
The company has been working with law firm Kirkland & Ellis to explore restructuring options, the Journal had reported in September.
Reporting by Gursimran Kaur in Bengaluru; Editing by Subhranshu SahuOur Standards: The Thomson Reuters Trust Principles.
Persons:
Thrasio, Holly Etlin, Kirkland, Ellis, Gursimran Kaur, Subhranshu Sahu
Organizations:
Thrasio Holdings, Wall Street, Thomson
Locations:
New York, Silver, Bengaluru