Acquirer of profitable retail businesses winds up in bankruptcy court.

Ah, the great pandemic ecommerce boom. It was a wild time. Companies raised big money at VC valuations to buy profitable small retail businesses at main street multiples. But the hot money ecommerce spending reverted back to normal, and it turned out operating hundreds of disparate brands was hard, and now Thrasio — the top dawg who had raised $3.4 billion — is working through a bankruptcy process. ~ learn more