Wynit Distribution LLC, a consumer electronics and technologies distributor, has filed for Chapter 11 bankruptcy protection. The company closed its Greenville headquarters in August, citing a lackluster holiday selling season.
The bankruptcy court document (.pdf), filed by Wynit COO Pete Richichi, shows the company has between 5,001 and 10,000 creditors and estimated assets between $100 million and $500 million. The company’s 20 largest creditors are also listed in the document and include Fitbit Inc. at more than $31.5 million, Daymen Asia Limited at more than $12.8 million and Symantec Corp. at $9.3 million.
When the Eden Prairie, Minn.-based company announced it was closing its Greenville location, Richichi said the software publishing and supply chain services divisions in Minnesota would remain open, and that the Greenville closure was “purely a financial decision.”
Wynit first opened its Greenville headquarters in November 2015. The bankruptcy court document shows offices and assets in Ontario, Nevada, Tennessee, Texas and California.