News

Retail
L’Oreal Sets Eyes on Chinese Consumers, Buys Luxury Brand Aesop  
April 04, 2023

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.   Get the Full...

eCommerce
eGrocery Falls Flat When Startups Try to Reinvent the Wheel
April 04, 2023

From Instacart’s increased valuation to Boxed’s bankruptcy filing, online grocery is seeing major changes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

Retail
Boxed Bankruptcy Shows Cracks in Pandemic’s SPAC Funding Frenzy
April 04, 2023

It seems like a lifetime ago — SPACs were the “it” way to take companies public. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...

CFPB
CFPB’s Chopra Eyes Big Tech’s Payments Efforts and Stablecoin Risks for Review
April 04, 2023

The words “systemic” and “risk” have been on everyone’s lips in the past few weeks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

B2B Payments
Allianz Trade and Bueno.money Partner on B2B BNPL
April 04, 2023

Allianz Trade in Asia Pacific and Bueno.money have partnered on B2B buy now, pay later (BNPL). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...

Security & Fraud
SEC Charges Frank Founder With Fraud in $175 Million Sale to JPMorgan
April 04, 2023

Federal regulators say the founder of student financial aid company Frank defrauded America’s biggest bank. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

Artificial Intelligence
Expedia Lets Travelers Plan Trips Using ChatGPT
April 04, 2023

Would you let artificial intelligence (AI) plan your next vacation? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this...

Retail
Petco Launches ‘Clean Ingredients’ Badge for Grooming Services and Products
April 04, 2023

Petco has launched a badge that designates grooming services and products that have “clean” ingredients. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

Banking
JPMorgan CEO Sees Shadow Banks Gaining, More SVB Fallout Coming
April 04, 2023

The macroclimate is moving from “a virtuous cycle to a vicious cycle,” according to Jamie Dimon. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...