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Top Amazon seller Packable begins liquidating after failed SPAC attempt
- TMWNN 4y agoPackable is the parent of Pharmapacks (#1 Amazon Marketplace seller in 2021, #5 this year). From the article: >For Packable, the disappearance of capital represented a dramatic turn for a business that boomed after the onset of the Covid-19 pandemic. With consumers stuck at home, online spending surged, and investors poured into the space. >Revenue slowed last year from double-digit growth in 2020 as the company struggled to navigate supply-chain constraints, which “resulted in significant inventory out of stock, purchase order delays, and delays in onboarding new customers,” according to an investor presentation.