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Eddie Bauer And Pacific Sunwear Combined In New Operating Company

PYMNTS

After news surfaced in May that Golden Gate Capital was considering a merger of Eddie Bauer and Pacific Sunwear of California , the private equity firm has created a new operating company comprised of the two retailers. Both brands have made great progress in the past 24 months and have generated strong performance.

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Today In Retail: Bed Bath & Beyond Inc. Enters Deal To Sell Cost Plus; Authentic Brands Might Buy Arcadia GroupĀ and Debenhams

PYMNTS

has entered into a definitive deal to sell Cost Plus World Market to Kingswood Capital Management, while Authentic Brands is reportedly in discussions with Arcadia Group and Debenhams. has entered into a definitive arrangement to sell Cost Plus World Market to Kingswood Capital Management. Bed Bath & Beyond Inc.

Branding 131
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Walmart Divests Of Shoes.com, Bare Necessities Brands As Part Of Digital Streamlining

PYMNTS

Walmart is selling two of its online brands in a continuing goal to concentrate on its website. 27) that the Arkansas-based retail giant is scrapping Shoes.com and Bare Necessities, the intimate apparel brand. Also last year, Walmart shuttered its Jet.com eCommerce website and phased out the brand.

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This Tiger Global-Backed Company Raised $50M To Help Real Estate Agents Build Their Own Brands

CB Insights

Side , a real estate technology company, has raised $50M in a Series D continuation round with participation from Tiger Global Management, ICONIQ Capital, and D1 Capital Partners. California-based Side is a a real estate technology firm that helps agents, teams, and independent brokerages build their own brands.

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Jeans Maker True Religion Files For Chapter 11 Bankruptcy

PYMNTS

Premium jeans brand True Religion has filed for bankruptcy for the second time in three years, according to court filings. True Religion was acquired for $824 million in 2013 by London-based capital investment firm TowerBrook Investment Partners, and ended up filing for bankruptcy in 2017.

Delaware 160
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New Cannabis Holding Company Led By PRƘHBTD CEO Raises $25M

PYMNTS

Formerly PRƘHBTD Global, Future State Brands (FSB) oversees a portfolio of THC, hemp and CBD brands, including hemp beauty line Hempathy, beverage platform Ceeby Dee’s, art-centric infused wearables The Patch Co. and music-driven flower brand Heavy Grass. 20 press release.

Company 116
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Groupon Gets New Activist Investor

PYMNTS

Merage and his company, MIG Capital , based in Newport Beach, California, disclosed the 5 percent stake in the eCommerce company, the reason for which was that the stock was ā€œundervalued, and represented an attractive investment opportunity,ā€ he said. Groupon was MIG Capitalā€™s largest stake in a previous SEC filing.

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