News

Retail
Nordstrom Hopes to Score With Tom Brady-Themed Apparel
January 19, 2022

Seven-time Super Bowl champ Tom Brady has has teamed up with Nordstrom for the launch of his namesake apparel brand, BRADY. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

International
InsurTech Zego Plans European Expansion
January 19, 2022

Zego, the U.K.-based commercial motor vehicle insurance company, is planning a European expansion, the company announced Wednesday (Jan. 19), according to a UKTechNews report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Banking
Truist Unveils No-Overdraft Accounts
January 19, 2022

Truist Financial Corporation is set to launch two new checking accounts with no overdraft fees, making it the latest in a series of banks to move away from this lucrative income source. Get the Full Story Complete the form to unlock this article and enjoy...

Regulation
China Unveils Stricter Big Tech Investment Rules
January 19, 2022

China will require the country’s biggest internet firms to get approval for any investment deals they make as part of new rules that are likely to keep Big Tech firms from getting even bigger through acquisition, people familiar with the issue told The Wall Street...

International
UK, Ireland Lead Record-Setting 2021 for Private Equity Deals 
January 19, 2022

Recent data from Pitchbook has revealed that Europe saw new annual records set in terms of private equity (PE) deal count and value in 2021, with close to 7,200 deals closed worth 754.5 billion euros ($856 billion). Get the Full Story Complete the form to...

Delivery
Ultrafast Delivery Aggregators See Private-Label Brands as Path to Profitability
January 19, 2022

If margins in the grocery industry are low, and margins for grocery delivery are unforgiving, then companies that deliver within minutes are essentially walking a tightrope — if it were not for venture capital funding, ultrafast delivery might not be possible. Get the Full Story...

Retail
Lego Brings ‘Store of the Future’ to NYC, Barcelona
January 19, 2022

Danish toy maker Lego is teaming up with commerce and communications agency TracyLocke to roll out what it’s calling its “Store of the Future,” a global retail concept aimed at putting creativity and imagination in the forefront of the shopper experience. Get the Full Story...

Retail
New Tech to Help P&G Embrace ‘Constructive Disruption’ as Inflation Drives Prices Higher
January 19, 2022

At time when inflation is running at a 40-year high and store shelves are reflecting the lingering challenges of supply chain disruptions, Procter & Gamble told investors Wednesday (Jan. 19) that it is moving forward with additional price increases, noting that consumers are tolerating the...

Regulation
ByteDance Scales Back Investments Ahead of Crackdown
January 19, 2022

TikTok owner ByteDance is scaling back its investment operations in expectation that China will restrict the type of deal-making that has fueled the growth of the country’s tech giants. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...