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Steal This 5-Step Banking Innovation Playbook from Gentle Monster

South State Correspondent

Honkook Kim and his Gentle Monster Brand is a perfect example. The Banking Innovation Playbook – Step 1: Find a Niche Kim looked at the market and knew he needed traction in at least a single segment where he could create a brand and a following for Gentle Monster. Find the gap in one segment and build success from there.

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Groupon Gets New Activist Investor

PYMNTS

Merage and his company, MIG Capital , based in Newport Beach, California, disclosed the 5 percent stake in the eCommerce company, the reason for which was that the stock was “undervalued, and represented an attractive investment opportunity,” he said. Groupon was MIG Capital’s largest stake in a previous SEC filing.

Capital 130
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Sears Could Get $350M Loan In Financing Package

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As Sears faces calls to wind down its operations, the retailer is reportedly putting the finishing touches on a deal for $350 million in financing with Great American Capital Partners, along with other lenders. Over the years, Sears has sold its Craftsman brand and was reportedly mulling an offer for the Kenmore appliance brand.

Retail 123
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Chipotle Hires Taco Bell’s CEO

PYMNTS

After turning Taco Bell into a lifestyle brand and introducing breakfast at the quick service restaurant (QSR), CEO Brian Niccol is heading to Chipotle Mexican Grill. Niccol, who came to Taco Bell in 2011, became CEO in 2015 after holding the position of president. He brought mobile ordering and payments to Taco Bell’s 7,000 U.S.

Branding 108
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Parent Co. Of Housing.com Buys Rental Firm FastFox

PYMNTS

There are no immediate plans to change the brand’s name, he said. “For the time being, we will retain the FastFox brand,” Agarwala said, adding that FastFox’s 120 staff members would become part of Elara.

Maine 108
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Why The Goldman-Amazon Bet On SMB Lending Is No Sure Thing

PYMNTS

Amazon Lending traces its roots back to 2011, and the company had $863 million in SMB loans, according to recent filings with the Securities and Exchange Commission. The ripple effect is there — if that capital weren’t locked up it could be deployed in growing businesses. The Challenge. It’s not a one-off process, either.

Lending 146
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Paya Acquisition Aims To Solve City Hall’s Paper (Billing) Chase

PYMNTS

First Billing was founded in 2011, operating until the December 2018 transaction with Paya as the billing services affiliate of The Connor Group , a real estate investment firm. First Billing will continue to operate under its existing brand, the companies said on Tuesday. million, as reported in the Dayton Daily News.

Software 158