June 11, 2024
DoorDash Expands Alcohol Delivery and Retail Media Offerings
DoorDash is introducing retail media solutions as it expands its alcohol delivery service. The company is expanding its alcohol delivery partnerships with several retailers, including select Food Lion, Giant Food...
June 04, 2024
FTC Poised to Sue Largest US Alcohol Distributor Over Pricing...
The Federal Trade Commission (FTC) is reportedly preparing to file a lawsuit against Southern Glazer’s Wine and Spirits, the nation’s largest alcohol distributor, over alleged anti-competitive pricing practices. This lawsuit...
June 04, 2024
Antitrust Eyebrows Raised at Green Thumb-Boston Beer Merger
Cannabis producer Green Thumb Industries is reportedly in advanced discussions to merge with Boston Beer Company. This potential merger signals a significant shift in the landscape of the beverage industry,...
May 31, 2024
Fintech Extends Automated Invoice Processing Capabilities to All B2B Transactions
Financial Information Technologies (Fintech) has expanded its platform’s automated invoice processing capabilities to include all B2B transactions. Previously designed to handle the retail and hospitality industries’ purchases of alcohol, the...
May 29, 2024
Fintech Adds Consignment-Selling Technology With Nexxus Group Acquisition
Financial Information Technologies (Fintech) has acquired Nexxus Group to expand its B2B payment capabilities. This acquisition, which closed in May, adds Nexxus Group’s consignment-selling technology to Fintech’s business solutions for...
May 29, 2024
Food Delivery Platforms Lose $20 Billion as Diners Cut Back
Food delivery platforms have reportedly seen more than $20 billion in losses since going public. As the Financial Times (FT) reported Wednesday (May 29), shares in the four biggest, publicly-traded...
May 20, 2024
DoorDash Expands Ulta Partnership to All 50 States
DoorDash says it is expanding its 3-year-old partnership with Ulta Beauty. The company announced in a news release provided to PYMNTS Monday (May 20) that it was now offering on-demand and same-day...
April 30, 2024
Rite Aid and Uber Eats Add Alcohol Delivery in 8...
Rite Aid has expanded its partnership with Uber Eats to include alcohol delivery in eight states. With this expansion, the pharmacy chain and the on-demand app now offer delivery of alcohol from nearly...
April 23, 2024
Perplexity Valued at $1 Billion as It Challenges Google Search
Perplexity has reportedly raised $63 million as it aims to compete with Google’s search engine. The new funding round values the artificial intelligence (AI) startup at $1 billion, marking a two-fold jump in valuation so...