Retail News

Large online marketplace seller announces merger

Reuters 09/10/2021

Packable, which operates Pharmapacks, a third-party retailer selling health and beauty products on online marketplaces operated by Amazon.com, eBay, Google, Target and Walmart, has agreed to merge with Highland Transcend Partners, a a special purpose acquisition company (SPAC). Packable, which was valid at $1.1 billion last year, expects to generate $456 million in sales this year.

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