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Inspire Bets $11.3B That Its Brands Can Run On Dunkin’

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Private equity-backed Inspire Brands will be buying Dunkin' Donuts and bringing it private for a whopping $11.3 Dunkin’ Brands CEO Dave Hoffmann noted the acquisition was a testament to the progress Dunkin’s had made and maintained during the global pandemic leaving the brand “stronger than ever.”. “We Inspire’s Many Brands .

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Gap Brand CEO Stepping Down

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Gap Brand announced that its CEO Jeff Kirwan was leaving the company, just as the retailer gets ready to reveal its fourth-quarter results. While I am pleased with our progress in brand health and product quality, we have not achieved the operational excellence and accelerated profit growth that we know is possible at Gap brand,” Gap Inc.’s

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Glossier Brings Shops To Nordstrom

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The brand will only sell its “Glossier You” fragrance, which has become one of the top-rated products on Glossier.com since rolling out in October 2017, CNBC reported. Nordstrom has had an industry reputation for being a much-desired partner for up-and-coming online brands that are seeking to grow. fragrance sales.”.

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Frugal Consumers Buying More Off-Brand, Off-Price Products

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This newfound cost consciousness is reshaping the retail industry in everything from spurring the rise of fast fashion at the expense of mall “anchor stores,” to the increasing popularity of off-brands or store brands in the supermarket, to the shift in the apparel business, to off-price retail outlets over full-priced department stores.

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Buy Now, Pay Later Startup Uplift Notches $68 Million To Advance Travel Payments

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Silicon Valley buy now, pay later (BNPL) startup Uplift has closed a $68 million credit line deal with Atalaya Capital Management. . Uplift has raised about $695 million since it was founded in 2014 by Brian Barth and Stu Kelly. 7) press release.

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Wells Fargo Seeks Bidders For Private-Label Credit Card Unit

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The banking group has started reaching out to possible bidders, but still hasn’t made a definitive decision as to whether it will actually sell the unit, which specializes in store-branded credit cards, according to a Bloomberg report. Selling the private-label credit card unit would be a business reversal for the financial services group.

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Glossier Lands $100M Investment To Expand Beauty Co.

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Sequoia Capital led the round, with participation from Tiger Global Management, Spark Capital and existing investors Forerunner Ventures, Thrive Capital, IVP and Index Ventures. Earlier this month, Glossier launched a second brand, Glossier Play, which will offer more product choices to its diverse client base. .

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