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Central Retail Group Eyes $2.7B IPO

PYMNTS

In what would be Thailand’s biggest initial public offering (IPO), Central Retail Corporation, the country’s largest retailer, is looking to raise up to 81.1 Central Retail’s plans to go public would overtake the biggest listing in the country, BTS Rail Mass Transit Growth Fund, which in 2013 notched 62 billion baht.

Groups 131
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Jeans Maker True Religion Files For Chapter 11 Bankruptcy

PYMNTS

True Religion was acquired for $824 million in 2013 by London-based capital investment firm TowerBrook Investment Partners, and ended up filing for bankruptcy in 2017. Due to the pandemic forcing stores to close, around a million employees of various brands and retailers have been furloughed.

Delaware 160
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Toy Discounts On The Decline For Holiday Shoppers

PYMNTS

Although retailers kicked off an earlier shopping timetable, toy discounts have plummeted this holiday season, Bloomberg reported on Thursday (Dec. The shopping time between Thanksgiving and Christmas is six fewer days this year, the shortest since 2013. Barbie from Mattel is still the most popular holiday toy for girls.

New York 131
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DoorDash Confidentially Submits IPO Paperwork

PYMNTS

Although the markets are currently “inhospitable” for new listings, DoorDash and its underwriters at Goldman Sachs are counting on the volatility being over by the time the IPO is approved. The startup raised about $2 billion from investors, including SoftBank and venture capital firm Sequoia Capital. Rowe Price Group.

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Guest Post: 2013 Economic Year in Review and Outlook by Banker Dorothy Jaworski

Jeff For Banks

She will continue your zero rate policy and will “taper” your QE 3 program, because the markets have already dismissed its impact and tightened long term rates despite your wishes. Mortgage rates rose just as much and they may potentially damage the housing market recovery. and Janney Capital Markets at 2.1% once again.

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Cabela’s Bids Expected This Week

PYMNTS

Struggling retailer Cabela’s is expecting bids this week for purchase. bank Capital One Financial Corp., Cabela’s investor Elliott Management last year disclosed an 11 percent stake in Sidney, Nebraska-based Cabela’s and is reportedly urging a sale to pull value out of the hard-hit by recent trends retail operation.

Nebraska 148
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Separating deposit-taking from investment banking: new evidence on an old question

BankUnderground

Eight decades later, the debate still rages on: should retail and investment banking be separated, as Glass-Steagall required? The regulation requires large UK banking groups to separate their core retail banking services from their investment banking activities, in order to protect UK retail banking from shocks originating elsewhere.

Lending 111