In His First Interview, Thrasio’s New CEO Puts Company Turmoil In The Rear-View Mirror

  • 📰 Forbes
  • ⏱ Reading Time:
  • 54 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 53%

United States News News

United States United States Latest News,United States United States Headlines

Greg Greeley, optimistic about e-commerce, is pushing Thrasio to keep growing after a period of layoffs, executive turnover and paused acquisitions.

where he was encouraging employees to vote in the midterm elections, Greg Greeley, the new CEO of consumer products startup Thrasio, switches his Zoom background from an American flag to a race car. He points out the names of brands Thrasio owns that are plastered on the side of the car like sponsor logos. A pit crew, meant to represent Thrasio’s finance, marketing and other teams, swarms around it.

Greeley said Thrasio is once again doing what it’s meant to do — actively evaluating new deals. He said a number of conversations with sellers are in progress. during the pandemic. But funding in the space dried up this year and there have been few new entrants. Many existing companies have struggled to manage a growing portfolio of brands at a time of supply chain challenges, inflation and the slowdown in e-commerce spending.

In 2018, Greeley left to join Airbnb as president, helping to expand the number and types of homes on the platform. He then spent a brief stint at a startup called Opentrons Labworks, which created inexpensive Covid-19 tests. It’s still unclear whether Thrasio and others have been able to grow sales and profits across the companies they’ve acquired by operating them at scale. Greeley declined to disclose financials, saying that the company has more brands that have topped expectations than have underperformed. He declined to share what percentage of sellers have received the portion of their payout tied to performance.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

ACE Awards 2022: 72Sold's Greg Hague takes innovation to the next level - Phoenix Business JournalGreg Hague's unique home sales formula has paid off. His Valley brokerage has seen massive growth during the pandemic and skyrocketed this year through a partnership with a national brokerage. Hague won the 2022 ACE Awards honor as Innovator of the Year.
Source: phxbizjournal - 🏆 254. / 63 Read more »