article thumbnail

What Famed Boston Eatery Petit Robert’s Owner Sees As Restaurants’ Future

PYMNTS

Boston’s Petit Robert Bistro , one of the city’s fanciest French restaurants, started 2020 with expectations that were anything but small. But as Massachusetts slowly lifts its ban on most retail operations, Le Garrec said there are still more unknowns than knowns for restaurateurs like himself.

Boston 244
article thumbnail

Crypto 2020: One Step Up; Two Steps Back

PYMNTS

If 2020 taught us anything about cryptocurrencies, it’s that they’ve reached a tipping point. If one measures success for digital currencies in buzz — and in price appreciation for many of the marquee names — then 2020 stands out as a banner year. Here are some of cryptos’ key developments for 2020: Bitcoin Goes Higher And Higher.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Building Operations Platform Company Building Engines Is Acquired For $300M By JLL

CB Insights

Building Engines: Boston-based Building Engines’ platform, Prism, brings together the technology and applications required for building management in one place. and adjusted EBITDA of $860M in 2020, and it also reported having $68.9B JLL maintains operations in over 80 countries and a workforce comprising over 92,000 employees.

article thumbnail

Mobile Order-Ahead Sector Goes All-In On AI

PYMNTS

Businesses rapidly embraced digital solutions in 2020 as shopping (and eating) moved online while everyone hid out indoors. To illustrate how AI adoption is playing out in the field, the November Mobile Order-Ahead Tracker® contains a deep dive on the efforts of the Colorado-based Boston Market chain. Advanced AI Makes Systems Smarter.

Mobile 289
article thumbnail

ShipMonk Pulls In $290 Million For eCommerce Growth Effort

PYMNTS

ShipMonk has pulled in $290 million in a funding round led by Boston-based Summit Partners as part of an expansion effort. 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.

Boston 167
article thumbnail

Simon Property Group Looks To Raise $300 Million For Shell Company

PYMNTS

Simon owns such properties as the upscale Copley Place in Boston. A SPAC, or blank-check company, has no commercial operations, but is formed to raise cash and go shopping for an existing company or companies to acquire. In 2020, every major traditional mall tenant was facing serious financial trouble or declared bankruptcy.

Groups 139
article thumbnail

With Wynn’s $402M In Net Losses, Is Online Gambling The Future Of Gaming?

PYMNTS

reported a net loss of $402 million for the first quarter of 2020. Wynn Resorts runs the Encore and Wynn properties on the Strip as well as properties in Macau and the Encore Boston Harbor. With results that show how COVID-19 closures are impacting the gaming industry, Wynn Resorts Ltd.

Online 210