Here's what we are reading this morning:
Purple lays off corporate staff as it plots factory closures | Retail Dive: Purple has had a bumpy past year, with revenue down 10.9% year over year in 2023 to $510.5 million, while operating costs went up 13.8%. Sales were down for seven consecutive quarters before seeing a slight uptick at the end of last year
How Chicken Soup for the Soul entangled a titan of private credit: A bitter bankruptcy fight is playing out between HPS Investment Partners and the parent company of Redbox
Amazon aggregators Branded, Heyday plan to merge as industry shrinks: The Amazon aggregator space has faltered since venture capital money dried up and companies struggled to profitably operate the brands they acquired