Seven & i Holdings, owner of the 7-Eleven convenience store chain, said Wednesday (Nov. 13) that it received a proposal for a potential management buyout. The non-binding and confidential proposal to acquire the company came from its vice president and representative director, Junro Ito, and...
Pent-up demand for mergers and acquisitions (M&A) activity has been released by the election of Donald Trump, Citigroup CEO Jane Fraser said Tuesday. Speaking with Bloomberg Television, Fraser said the bank’s clients had been waiting to begin M&A activity and are now focused on doing so, Bloomberg reported Tuesday....
Franchise Group, owner of retailers like Vitamin Shoppe, started off this week by declaring bankruptcy. But as the company was collapsing, it paid insiders $5.75 million in bonuses to keep them in their jobs, Bloomberg News reported Thursday (Nov. 7). The report, which cited court...
Fidelity Payment Services rebranded as Sola, and its board appointed payments industry veteran Michael Reed as its CEO. Sola is the new, consolidated brand identity and company name for Fidelity Payment Services and its proprietary payment gateway, Cardknox, the company said in a Wednesday (Oct....
July 04, 2024
Brands use loyalty programs to increase sales, acquire and retain members, enhance the customer experience and create advocates. Return on investment (ROI) is foremost among any brand’s metric to measure the efficiency and performance of a loyalty program. Since every loyalty program is different, calculating your ROI can be challenging. The purpose of investing in […]
April 12, 2024
Modern leadership requires data, communication, empathy, and above all a holistic view of the business. Call these pillars the new drivers of success. Increasingly, it is falling to today’s chief...
April 11, 2024
Today’s chief financial officers are as different from 1970s bean counters as apples are from oranges. In an operational landscape marked by ongoing uncertainty and a sea change of macro...
March 11, 2024
If you want to go fast, go alone. If you want to go far, go together. While the origins of that allegedly African proverb appear to be shrouded in uncertainty,...
December 17, 2024
Kimura Capital is reportedly closing its London-based trade finance business and returning money to investors. The company will continue its ventures in commodity logistics and sports management, but a proposed commodity hedge fund will not move forward, Bloomberg reported Tuesday (Dec. 17), citing unnamed sources. Kimura Capital did not immediately reply to PYMNTS’ request for comment. The company […]
November 14, 2024
Seven & i Holdings, owner of the 7-Eleven convenience store chain, said Wednesday (Nov. 13) that it received a proposal for a potential management buyout. The non-binding and confidential proposal...
November 12, 2024
Pent-up demand for mergers and acquisitions (M&A) activity has been released by the election of Donald Trump, Citigroup CEO Jane Fraser said Tuesday. Speaking with Bloomberg Television, Fraser said the bank’s clients...
November 07, 2024
Franchise Group, owner of retailers like Vitamin Shoppe, started off this week by declaring bankruptcy. But as the company was collapsing, it paid insiders $5.75 million in bonuses to keep...
