News

International
Swiss Bank UBS Takes Appeal of Money Laundering Verdict to French Supreme Court
December 20, 2021

UBS has filed an appeal over a Paris court’s decision that upheld the company’s conviction for money laundering, Reuters reported Monday (Dec. 20). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

International
EMEA Daily: Italy’s Zegna Goes Public in $3.1B SPAC Deal; Europe’s Digital HealthTech Sector Gets...
December 20, 2021

In today’s top Europe, Middle East and Africa (EMEA) news, Italian luxury fashion firm Zegna goes public in a $3.1 billion deal; Europe’s digital healthcare sector gets a $30 million funding boost; venture capital investment in Saudi firms is on the rise; the Davos Economic...

Retail
Carvana Could Lose Florida Dealer License
December 20, 2021

Florida officials could soon suspend used car retailer Carvana’s dealer license after increasing issues with title transfers, Seeking Alpha reported Monday (Dec. 20). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Retail
Nordstrom Considers Spinning off Rack Into New Business
December 20, 2021

Nordstrom is looking at spinning off its discount Nordstrom Rack business to trim its losses, Seeking Alpha reported. The company was down 0.6% as of Monday (Dec. 20). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Retail
Grocers Can Leverage Contagion Concerns to Boost Digital Adoption
December 20, 2021

Around the world, grocers are transforming their omnichannel presences to adapt to consumers’ quickly evolving behaviors. As tech companies with products to sell make bold predictions about the future of online grocery shopping, grocers themselves have a unique view of their shoppers’ habits, observing in...

Retail
Open-Air and Touchless Shopping Drive Innovation Amid Rekindled Demand Surge
December 20, 2021

Here’s a concept: shopping without the act of actually shopping is perhaps the new future of retail. 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...

Retail
Sustainability: Retail’s Latest Feature
December 20, 2021

Consumers are putting their money where their values are. The purchases people make often (or avoid) tell a much greater story about what someone stands for, what they prioritize and what kind of progressive impact the company they choose to support has on the world. Is...

Investments
Korean eGrocer Kurly Raises $210M in Pre-IPO Round as Global Competition Heats Up
December 20, 2021

Around the world, investors remain hungry for food eCommerce solutions. Seoul, South Korea-based grocery delivery startup Kurly has raised 250 billion won, or about $210 million, in a funding round in advance of its initial public offering (IPO), Korea JoongAng Daily reported Monday (Dec. 20),...

Investments
Venture Capital Investment in Saudi Firms on the Rise
December 20, 2021

Business-to-business (B2B) eCommerce marketplace Sary has raised SR281 million ($75 million) in a Series C funding round, seven months after it raised its $30.5 million Series B round, according to a Dec. 20 report by Zawya. Get the Full Story Complete the form to unlock...