Carlyle-Backed Amazon Seller to Liquidate After SPAC Collapse

Packable Holdings LLC, an ecommerce company backed in part by Carlyle Group, is shutting down and selling itself in pieces after financing dried up for the money-losing venture.

Packable, which sells health and beauty products online through the likes of Amazon, Walmart and Target, has dismissed most of its employees and has begun winding down through bankruptcy, court papers show. The company listed assets and liabilities of as much as $500 million each in its Chapter 11 petition.

Founded in 2010, the parent company of Pharmapacks fueled its growth -- and funded its losses -- by raising ...