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Zulily to Close Three Facilities, Lay Off 566 Employees Amid Legal and Financial Troubles

The company, acquired by private equity firm Regent earlier this year, faces multiple lawsuits over unpaid invoices.

Overview

  • Zulily is closing its fulfillment centers in Ohio and Nevada, and its headquarters in Seattle, impacting a total of 566 employees.
  • The company has gone through two rounds of layoffs this year, following its acquisition by private equity firm Regent.
  • Zulily is facing lawsuits from vendors alleging unpaid invoices, including a $191,776 claim from software development consultancy GenUI, and a $2.7 million claim from logistics company Omni.
  • Zulily's former CEO Terry Boyle announced his decision to leave the company in October.
  • The company, which was once valued at around $4.5 billion, reported a 17% drop in revenue and a $43 million operating loss before its sale to Regent.