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Chapter 11 Watch: Austin Reed Bids Farewell, Staples Plots A New Course

PYMNTS

brands like apparel retailer Austin Reed, though, the weight of all that financial baggage is too much to crawl out from under. According to Mars Super Markets, whatever the odds are, they aren’t in its favor. For some U.K. ” Chalk it up to another apparel retailer lost to the new fabric of fast fashion.

Austin 100
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B2B Finance As A Service Tops This Week’s VC List

PYMNTS

The big B2B venture capital news of the week was Augmentum Fintech’s trio of investments, signaling the company’s focus on the B2B FinTech market — but it wasn’t the only firm targeting this startup space. The company secured $50 million in private equity funding from BV Investment Partners, Built In Austin said this week.

Austin 100
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Levi Goes ‘Soft And Stretchy’ In A Rigid Retail Market

PYMNTS

The company also announced Nina Barjesteh as the new marketing chief and the creation of a new position of chief customer officer. million secured term loan, which comes due in 2020. Rue21’s new strategy includes opening 40 new stores, giving 100 current stores a facelift and focusing on branding. to less than $0.29.

Retail 100
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4 winners and losers from the American Banker Digital Banking 2018 Conference

Gonzobanker

You might have snickered at the launch of their cringe-inducing brand “BFF”, but their digital concierge concept intended to democratize private banking through their “banker in every pocket” platform (basically secure chat soon to be launched through their Pivotus Ventures subsidiary) is going to be fun to watch.

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150+ Startups Reshaping The Wellness Industry

CB Insights

CPG corporates like PepsiCo, Coca Cola, Kellog, and Campbell have invested in and acquired a number of brands focused on healthy snacking while personal care incumbents like P&G and Unilever have backed natural and organic beauty brands. Active Nutrition — This category consists of sports nutrition brands. Wellness Tech.

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Netspend CEO On Making The B2B Pivot

PYMNTS

Instead, Netspend’s core strength is in the provisioning of financial services like cards, mobile wallets and the compliant and secure movement of money. But Knutson said the company is happy to hand over the front-end consumer interaction and life-cycle marketing activities to partner brands.

Austin 281
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Rinse Clothing Service Raises $14M To Expand To Boston, Chicago And Beyond

PYMNTS

The $14 million of funding Rinse recently secured will not be going into the company’s tech as much as into building out its team as it looks to launch in new markets. Houston, Dallas, Austin, Seattle, Miami, San Diego, Denver and New York are up next. None of those are tied to a mobile app.

Boston 110