Kering, the French luxury brand, said Monday it has acquired Creed, the high-end niche fragrance house. Prior to this acquisition, Creed was under the ownership of BlackRock Long Term Private Capital Europe and its chairman, Javier Ferrán. Creed is set to join a lineup of...
Odoo has received a strategic investment of 150 million euros (about $164 million) to continue its global expansion. The Belgium-based provider of open-source integrated business software applications for small and medium-sized businesses (SMBs) received the investment from global growth equity firm General Atlantic, Odoo said...
Following a listing by restaurant group Cava, the American market is hungry for IPOs. The fast casual restaurant chain went public via an initial public offering (IPO) last week, with its shares nearly doubling in its debut. And as Bloomberg News reported Monday (June 26),...
As meal kit providers look to weather the challenges of inflation, many have been forced to rethink their business models. Blue Apron CEO Linda Findley tells PYMNTS in an interview that, in the last year, the whole industry has refocused its priorities, finding ways to...
Singapore’s utu has raised $33 million and acquired the rewards platform CardsPal. The acquisition and funding, announced Monday (June 26), is designed to help consumers get the most out of tax-free shopping, the company said in a news release provided to PYMNTS. “The cross-border travel...
TreasurySpring has secured $29 million to grow its fixed-term fund (FTF) platform. The firm plans to increase its headcount by 50%, adding to its product, sales and marketing teams; develop its products and services; and accelerate its international expansion, according to a Monday (June 26) press release. The...
China’s lifting of COVID restrictions has reportedly not been enough to support consumer spending. Domestic travel spending remains 16% below pre-pandemic levels, home sales are slower than normal and car sales have fallen 6% short of where they were a year ago, Bloomberg reported Monday (June 26)....
Home health company Amedisys has agreed to a $3.3 billion merger with UnitedHealth Group. The deal calls for the acquisition of Amedisys’ outstanding common stock in an all-cash transaction for $101 per share and places Amedisys under the umbrella of UnitedHealth’s Optum arm, according to a Monday (June 26) press...
Onramp is now offering financing solutions to eCommerce sellers on Walmart Marketplace. The eCommerce lending platform’s integration with the marketplace enables it to offer growth capital funding to sellers with repayment terms that align with their online sales, Onramp said in a Monday (June 26)...
