Retail aggregation firm Authentic Brands Group has scrapped its plans for an initial public offering (IPO) and will sell stakes to private equity firm CVC Capital, hedge fund HPS Investment Partners and a group of existing stakeholders at a $12.7 billion valuation, according to a...
For decades, consumers have sought the hottest and trendiest apparel items to show off their tastes to the world, and as the metaverse continues to increase in prominence, brands are betting those fashion preferences will transfer to virtual personas even when no physical items are...
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Mastercard partnered with Italian energy multinational firm Enel X to open the FinSec Innovation Lab in Beersheba, Israel, which is dedicated to working with early-stage Israeli startups targeting FinTech and cybersecurity solutions for the payments space and energy sectors worldwide. Get the Full Story Complete...
There is nothing like searching online for a nice secondhand watch, handbag or pair of sneakers, only to have the item show up and turn out to be phony, causing headaches for the consumer and costly chargebacks for the merchant. Get the Full Story Complete...
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Automation can make businesses more efficient, reduce errors and minimize costs in many areas. 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...
Eco-friendly makeup company Lush Cosmetics is making a radical move and shutting down all social media accounts — Instagram, Facebook, TikTok, Snapchat — in a move to address its customers’ mental health issues. Get the Full Story Complete the form to unlock this article and...
Big Indian companies have been buying stakes in homegrown designer brands to scale them up and go more global, BBC writes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
