London-based Metro Bank has struck a deal to buy peer-to-peer lender RateSetter for £2.5 million ($3.27 million) upfront. Metro will make additional payments to shareholders if RateSetter reaches certain benchmarks, according to a news release. Get the Full Story Complete the form to unlock this article...
Innovation has been a welcome development for retailers in the pandemic. Pivoting business models have been the hallmark of some major changes, including the complete reconfiguring of companies such as Zara and Nike and luxury brands like Ferragamo and Moncler. Now, Burberry is continuing its...
Alphabet Inc.’s Google is expanding its reach into the home-security business by buying a $450 million stake in ADT, the Florida-based provider of security and smart-home solutions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
It may seem like the world of retail has been reduced to eCommerce overachievement and brick-and-mortar underachievement. But even as pandemic-fueled dynamics rage on, new trends and catchphrases to describe them continue to emerge. Get the Full Story Complete the form to unlock this article...
Lord & Taylor and Tailored Brands surprised absolutely no one with their bankruptcy filings Sunday (Aug. 2), but another spate of bad news has added new urgency to the question of who will survive in the beleaguered department store and apparel categories. Get the Full...
As it wagers that a bigger presence in the United States will provide growth during the COVID-19 uncertainty, Seven & i Holdings Co. agreed to purchase the Speedway fuel stations of Marathon Petroleum Corp. for $21 billion, Bloomberg reported. Get the Full Story Complete the form...
The most high-end shopping areas in the United States are seeing tenants depart, and rents are dropping at a time when COVID-19 has halted tourism for the time being, left millions without jobs, and has had shoppers stuck in their residences, CNBC reported. Get the...
For budding U.S. bean-to-bar chocolate makers, ethically sourcing the richest cocoa beans is only half the challenge. Chocolatiers must also ensure that their suppliers — often unbanked and in remote areas — can receive payments in a convenient manner, says Shawn Askinosie, CEO of Askinosie...
When it comes to B2B payments fraud, it’s not a matter of if it happens, but when. 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...
