News

Retail
Why Designer Handbag Reseller Marque Luxury Is Opening Brick-and-Mortar Showrooms
January 07, 2021

High-end goods reseller Marque Luxury is bucking the trend of moving away from brick-and-mortar sites, augmenting its online platform for used designer handbags, accessories and jewelry by adding showrooms in New York and other major U.S. cities. Get the Full Story Complete the form to...

Investments
Games Platform Roblox Reels In $520 Million, To File Direct Listing
January 07, 2021

Roblox, which offers an online games platform, has raised $520 million in a funding round led Menlo Park, California-based Altimeter Capital and Dragoneer Investment Group. The company said in a press release that the venture round funding values the company at $29.5 billion and that...

Retail
Walgreens Retail Pharmacy USA Reports $27.2 Billion In Sales
January 07, 2021

Walgreens Boots Alliance, Inc. reported on Thursday (Jan. 7) as part of its Q1 fiscal 2021 results that its Retail Pharmacy USA division had $27.2 billion in sales, marking a 3.9 percent rise from the year-ago quarter, including the effect of “store optimization programs” unveiled in...

B2B Payments
Optimizing Data To Unlock Trade Finance Collaboration
January 07, 2021

Well before the coronavirus crisis hit, businesses — particularly small and medium-sized enterprises (SMEs) — were faced with a whopping $1.5 trillion gap in available trade finance that hampered their ability to grow. Now, with survival on the line for many companies, the urgency to...

B2B Payments
M&A Emerges As Key Strategy To Drive SMB Finserv Collaboration
January 07, 2021

In an environment in which connecting small- to medium-sized businesses (SMBs) to vital financial services and products is more imperative than ever, the world of SMB banking and FinTech is fostering an ecosystem of collaboration to expand availability. Get the Full Story Complete the form...

B2B Payments
Integrated Workflows Fuel Cross-Border B2B Payments
January 07, 2021

There are a lot of moving parts in B2B payments that are keeping corporate finance executives busy as they work to modernize and optimize their operations. In 2020, many of the biggest pain points in B2B payments were revealed, particularly when transactions move across border....

Investments
Virtual Beauty Platform Perfect Corp Closes $50 Million Series C
January 07, 2021

Perfect Corp., which works in tech solutions for the beauty field, announced its Series C investment for $50 million, according to a Wednesday (Jan. 6) press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

IPO
Petco Aims At $4 Billion Valuation In IPO
January 06, 2021

Petco will file its initial public offering (IPO) with a valuation of almost $4 billion, according to a registration statement filed with the Securities and Exchange Commission (SEC) Wednesday (Jan. 6). Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Partnerships / Acquisitions
Twitter Acquires Design Agency Ueno
January 06, 2021

Twitter has acquired Ueno, a design agency, a blog post from company CEO and Founder Haraldur Thorleifsson stated. 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...