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

PYMNTS

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 .

Branding 183
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Gap Brand CEO Stepping Down

PYMNTS

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

Branding 100
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Wells Fargo Seeks Bidders For Private-Label Credit Card Unit

PYMNTS

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. Others are operating in a less constrained way.”. percent in 2019 and its share of borrowings at 3.63

Cards 285
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Glossier Lands $100M Investment To Expand Beauty Co.

PYMNTS

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.

Capital 100
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ShipMonk Pulls In $290 Million For eCommerce Growth Effort

PYMNTS

Florida’s ShipMonk, started in 2014, offers eCommerce fulfillment services and technology solutions. The ShipMonk funding is part of a surge in cash going to such B2B companies as GoSite , which targets small and medium-size businesses (SMBs) that are moving operations online. We couldn’t have foreseen this year’s increased demand.

Boston 167
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Banking's Total Return Top 5: 2014 Edition

Jeff For Banks

capital appreciation and dividends. Open Bank (OTCQB: OPBK) Open Bank commenced operations in 2005 as First Standard Bank in the Koreatown section of Los Angeles. The lion''s share of their growth, profitability, and capital have come since their re-branding to Open Bank in 2010. Congratulations to them.

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Today In Retail: Wayfair Exceeds Estimates; Carvana Sales Surge; SA Company Pivots With Pandemic

PYMNTS

A lot of direct-to-consumer (D2C) brands are being funded these days, as the digital-first economy continues to gain traction. Founded in 2014, SA Company has evolved with the pandemic and is on its way to getting a capital investment and operational expertise from one of its venture capital and marketing partners, TZP Group.

Company 131