New Zealand police have frozen $90 million they say belongs to alleged bitcoin scammer Alexander Vinnik in what’s being called the country’s largest money seizure ever. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Auction house Sotheby’s said it is set to resume Geneva’s live auctions of jewelry, which were suspended when the coronavirus pandemic hit. The first live event is set for this week. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Restaurant dining rooms in Massachusetts reopened on Monday (June 22), after being shuttered for three months. 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...
Online grocery delivery service Milkbasket has landed $5.5 million in venture capital in a round led by Inflection Point Ventures. That brings the funding pulled in by Milkbasket to over $33 million. Get the Full Story Complete the form to unlock this article and enjoy...
What’s in a name? Apparently, a lot – if you are dealing with Chinese regulators. 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,...
China’s 618 shopping festival is in the books. This year’s three-week event was watched closely for evidence that the Chinese consumer will help spend the country out of the pandemic, and the success of 618 shows that they likely will. Get the Full Story Complete...
With malls reopening in most states over the weekend an early reckoning with pandemic reality among mall owners and anchor tenants is underway. The traffic over the past week and weekend varied from lines at the door to ghost towns inside. At least one real...
To help bolster its liquidity standing, Bed Bath & Beyond Inc. has put into place a three-year secured asset-based revolving credit facility with a group of financial institutions (FIs). The ABL facility, which takes the place of the retailer’s existing unsecured revolving credit facility, expires...
In a legal complaint filed with a New York court, luxury fashion brand Valentino SpA is requesting that the courts end its lease for a store in a prime tourist spot in Manhattan. The location is in a highly desirable stretch of Fifth Avenue that...
