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DraftKings To Merge With Other Companies, Go Public

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Online betting company DraftKings is merging with two other companies and going public, according to a report by the Boston Business Journal. Jason Robins, the co-founder and CEO of DraftKings, is going to run the new company, which will be incorporated in Nevada and keep its headquarters in Boston.

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DraftKings To Merge, IPO At A $3.3B Market Value

PYMNTS

Online betting company DraftKings is merging with two other companies and going public, according to a report by the Boston Business Journal. Jason Robins, the co-founder and CEO of DraftKings, is going to run the new company, which will be incorporated in Nevada and keep its headquarters in Boston.

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Car Marketplace CarGurus Has Acquired Autolist

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CarGurus, an auto marketplace based in Boston, has acquired car shopping platform startup Autolist, according to reports. Autolist is based in San Francisco, and the terms of the deal were not revealed. CarGurus is a successful company that went public in 2017, and it’s going to keep Autolist as its own brand and website.

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

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Rinse has a solution for both, and thanks to a $14 million Series B funding round led by Partech, it’s taking that solution to two new cities: Boston and Chicago. Rinse currently serves its home base of San Francisco as well as Los Angeles and Washington, D.C. The solution is simple, but that doesn’t mean it was easy.

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Uber Eats Will Now Deliver Recess, A CBD Drink, In New York

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We look at Recess’ launch on Uber Eats as another distribution channel for the brand, with Recess IRL [the company’s New York shop] serving as the storefront for on-demand delivery operations,” said Benjamin Witte, founder and CEO of Recess. Dirty Lemon, another beverage brand, is also on the platform. among others.

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Barneys’ Flagship Madison Avenue Store To Stay Open For Now

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As the buyer of the luxury retailer brand negotiates with the store’s landlord, Barneys New York’s flagship store on Madison Avenue in Manhattan will stay open for at least another year in a smaller form. Authentic Brands bid about $271 million for Barneys, saying that it would make the Madison Avenue location into a pop-up shop.

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Entrepreneurial Upscale Chefs Are Plating Recovery Plans

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As reported by Eater San Francisco, “the restaurant announced Wednesday (Sept. After cherished Boston dining spot, Stella, closed its doors due to pandemic losses, chef and owner Evan Deluty couldn’t let the dream die — or his heavenly preparations disappear — and has reinvented Stella as a gourmet food truck.

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