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A Year After Splashy IPO, Missfresh Looks Well Past Its 'Sell Date'

Summary

Key Takeaways: Missfresh announced a major reshuffle of its top ranks, including the resignation of both of its co-CFOs, one of whom was also among three board members to resign The changes came as the company faces a cash crunch caused by swelling losses, big debt and massive back wages owed to former employees

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Article published on September 14, 2022 by benzinga