WebAug 30, 2024 · Packable Holdings, the parent company of Pharmapacks, filed for Chapter 11 bankruptcy on August 28th. Pharmapacks was a unique seller. There are, at most, dozens of sellers that raised institutional capital. Most are instead cashflow positive and sometimes use working capital financing. Even other resellers, which typically have tiny margins ... WebAug 30, 2024 · Packable said in a notice to employees Monday that it was laying off 138 people, or roughly 20% of its staff, with the remaining 372 employees expected to be terminated as “individual winddown responsibilities are completed.”. The memo was signed by Leanna Bautista, the company’s chief people officer. Packable failed to secure new ...
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