Trans World Entertainment raised $5.2 million for its subsidiary etailz, a Spokane, Wash.-based company that helps brands sell on huge platforms run by companies such as Amazon, Walmart and eBay.
- The extra funding comes after etailz landed $25 million in debt funding this past February.
- Publicly-traded Trans World Entertainment acquired etailz in 2016 for $75 million in cash and stock. Trans World Entertainment said it will now focus exclusively on etailz.
- Trans World CEO Michael Feurer has stepped down. The company also announced a reconstituted board of directors. Tom Simpson, co-founder and former chairman of etailz, will join the board, in addition to Jonathan Marcus, CEO of Alimco.