Alibaba is at the forefront of a bid that would take Intime Retail Group private, with a price tag of as much as $2.6 billion, part of a larger strategy to broaden its brick-and-mortar reach. Get the Full Story Complete the form to unlock this...
Drug company Valeant Pharmaceuticals International is shedding four of its brands — three skincare and one cancer treatment business — and experts say it’s good money, considering what the company original bought those brands for. Get the Full Story Complete the form to unlock this article...
Canadian apparel maker Gildan Activewear recently won a bankruptcy auction for U.S. fashion retailer American Apparel after offering a bid of nearly $88 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Investment activity picked up for the first full week of the new year as measured against the last week of December, logging a total of just under $519 million. This time around, the B2B sector led FinTech as the area where the most funds flowed,...
Global beauty products company Coty is entering into a partnership with online P2P social commerce platform Younique. Coty is slated to put up $600 million in cash for 60 percent ownership of the platform. Get the Full Story Complete the form to unlock this article and...
Fitbit CEO James Park announced the company’s recent purchase of a new wearable technology asset. 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,...
Walmart is cutting back on its staffing at its headquarters and regional offices as it attempts to scale back its costs. Most of those cuts will reportedly be coming from Walmart’s human resources department; according to unnamed sources, top executives believe that many of those functions...
A number of Chinese financial firms are branching out to embrace mobile payments, The Wall Street Journal reported Tuesday (Jan. 10), with an aim of displacing Ant Financial, owned by Alibaba Group, and Tencent Holdings. Get the Full Story Complete the form to unlock this...
VC funds are currently receiving money like they were back in the days of the dot-com boom — they are just spending it a lot more carefully this time. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
