Grill maker Weber is to go private with its planned acquisition by BDT Capital Partners. Subject to customary conditions, the 70-year-old company is being acquired for $8.05 per share — implying a $3.7 billion total enterprise value. Weber is also receiving a $350 million unsecured loan facility that...
Fast fashion firm Shein is reportedly considering the shift to a marketplace-style platform. The firm’s potential move to becoming a marketplace platform would allow other retailers to sell its products alongside Shein’s own branded offerings on the platform, The Wall Street Journal (WSJ) reported Monday...
AutoNation says it will expand its post-sale vehicle service offerings by acquiring mobile car repair platform RepairSmith. The $190 million deal, announced Monday (Dec. 12), is happening when many consumers are choosing to repair old cars instead of buying new ones, and car dealers are feeling pessimistic about their prospects....
In this month’s “Embedded Finance Tracker®,” Sofiat Abdulrazaaq, CEO at on-demand food truck marketplace Goodfynd, explains why a reliable payment partner is the first step to bringing value to a small business, including new sources of capital.
Live commerce platform TalkShopLive is joining the ranks of digital retailers offering in-store pickup. The program — set to launch Monday (Dec. 12) night — is happening via a partnership with Best Buy and will kick off via a live show hosted by TikTok star...
Small to midsized businesses (SMBs) have a range of payment choices when deciding to launch operations internationally. While most SMBs globally launching will have some web presence, many may still use legacy payment methods to send and receive funds. Payments digitization helps SMBs grow internationally,...
Holiday shopping makes or breaks merchants — who must be ready to offer a myriad of payment options. As PYMNTS research has found, consumers have been opting to use debit cards more than they have in the past, while credit card use has waned just...
The “ROI” of increasingly efficient fraudsters is often better than the large companies they attack. According to Trish Cox, head of operations at Galileo Financial Technologies, this sad but true reality is set to see businesses experience more than $38 billion in fraud losses by...
Once almost an afterthought, payments are now an experiential component, requiring nuanced and data-driven care. So said Neil Erlick, chief corporate development officer at payments platform Nuvei, as he lent his viewpoints to PYMNTS’ “Executive Insight Series: Top of Mind.” “We’re kind of seeing this shift,...
