Consumers are using social media to buy products, and apparel, beauty, and food and beverage are the three categories they shop the most. A total of 45.5% of consumers buy apparel on social media, followed by beauty products at 32.8% and food and beverage at...
Private equity group Motive Partners has secured a controlling stake in installment payments company Splitit. Motive has committed to invest $50 million in Splitit, the companies announced Tuesday (Dec. 13) as it also delisted from the Australian Stock Exchange. That delisting had been one of the requirements for Motive to...
Nestle, the maker of Quality Street, and Mondelez, the owner of Cadbury, are experiencing increased sales of confectionery in the United Kingdom this holiday season. Cash-strapped shoppers, looking for more affordable gifts, are turning to chocolate instead of expensive toys and gadgets, Reuters reported Monday (Dec. 11). Despite price rises,...
Toy company Hasbro will be laying off another 900 people, about a year after saying it would eliminate 1,000 positions from its global workforce. The latest job cuts will be made over the next 18 to 24 months, Hasbro said in a Monday (Dec. 11) filing with the Securities and...
Investment firm General Atlantic has reportedly confidentially filed for an initial public offering (IPO). The firm, which is known for its successful investments in companies like Facebook and Airbnb, is considering listing as early as next year, depending on market conditions, Bloomberg reported Monday (Dec. 11), citing unnamed sources....
Swift has successfully tested a global trade interoperability solution in collaboration with BNY Mellon, Deutsche Bank and four electronic bills of lading (eBL) platforms. This solution has the potential to revolutionize the use of electronic trade documents, the provider of secure financial messaging services said in a Thursday...
Goldman Sachs is reportedly aiming to double the size of its $110 billion private credit business. That shift involves reshuffling senior executives in the unit, Marc Nachmann, global head of asset and wealth management, told Bloomberg News on Monday (Dec. 11). “We think it’s the biggest opportunity...
As grocers look to drive digital sales while protecting their margins, Ocado is reportedly adding more robotic arms in an effort to boost fulfillment efficiency. The United Kingdom-based, multinational grocery technology company is soon to increase the number of robotic arms at its Luton facility...
JPMorgan is reportedly overhauling branches acquired in the collapse of First Republic Bank. The country’s largest bank is planning to open several new branches, Reuters reported Monday (Dec. 11), going against a nationwide trend as consumers shift to digital banking. “Branches have been a winning strategy...
