Fashion resale platform Poshmark has entered the world of livestream shopping. The company Wednesday (April 5) debuted Posh Shows, which allows people to livestream on the site for the first time. It’s a move that’s happening amid a boom in popularity for the resale space,...
L’Oreal’s acquisition of the Australian luxury brand Aesop from Natura & Co., announced Monday (April 3), for an enterprise value of $2.53 billion, sets L’Oreal to expand its presence in the high-end skincare market and facilitate international expansion, especially in China. Through the acquisition,...
From Instacart’s increased valuation to Boxed’s bankruptcy filing, online grocery is seeing major changes. While players that attempt to drive adoption of their own digital grocery stores are struggling to make the economics of the model work, Instacart is benefitting from its status as a...
It seems like a lifetime ago — SPACs were the “it” way to take companies public. And during the pandemic, eCommerce delivery businesses were the “it” business model. The disruptors, sometimes, get disrupted. The latest reminder came over the weekend when Boxed, the online grocery retailer, filed...
The words “systemic” and “risk” have been on everyone’s lips in the past few weeks. And for Big Tech, at least, the regulatory gaze will only widen, eyeing the payments ambitions of the biggest platforms, and whether new payment types — stablecoins among them —...
Allianz Trade in Asia Pacific and Bueno.money have partnered on B2B buy now, pay later (BNPL). This collaboration brings together Allianz Trade’s credit and risk management experience and Bueno.money’s B2B BNPL solution that integrates into merchants’ websites, the companies said in a Tuesday (April 4)...
Federal regulators say the founder of student financial aid company Frank defrauded America’s biggest bank. Charlie Javice was charged Wednesday (April 4) by the Securities and Exchange Commission (SEC) with fraud in connection with her $175 million sale of Frank to JPMorgan Chase in 2021....
Would you let artificial intelligence (AI) plan your next vacation? Expedia wants to give customers a chance to do just that. The travel website announced in a Tuesday (April 4) press release that it has launched an “in-app travel planning experience” powered by ChatGPT, OpenAI’s...
Petco has launched a badge that designates grooming services and products that have “clean” ingredients. The new Clean Grooming initiative and Clean Ingredients badge appear on the pet health and wellness company’s grooming salon menu, product shelves, app and website, Petco said in a Tuesday...
