(Reuters) -Amazon aggregator Thrasio said on Tuesday it has emerged from the Chapter 11 bankruptcy and appointed Stephanie Fox as its chief executive officer. Fox, previously the company’s chief operating officer, would succeed Greg Greeley, who would step down from the position after the company completes its global restructuring. Thrasio, which acquires third-party sellers on […]
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Amazon aggregator Thrasio emerges from bankruptcy, appoints new CEO
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(Reuters) -Amazon aggregator Thrasio said on Tuesday it has emerged from the Chapter 11 bankruptcy and appointed Stephanie Fox as its chief executive officer.
Fox, previously the company’s chief operating officer, would succeed Greg Greeley, who would step down from the position after the company completes its global restructuring.
Thrasio, which acquires third-party sellers on Amazon, said it would now focus on profitability.
The company had filed for bankruptcy protection at the end of February and entered into a restructuring agreement with some of its lenders to reduce its debt.
Thrasio had said at the time it received financial commitments of $90 million from existing shareholders.
(Reporting by Zaheer Kachwala in Bengaluru; Editing by Shilpi Majumdar)