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Designer Brands Reports 44.7 Pct Drop In Net Sales Amid Pandemic

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Designer Brands Inc. The company operates almost 1,000 retail stores under names like DSW Designer Shoe Warehouse and The Shoe Company. percent for the first quarter of 2020, in comparison to a 3 percent rise in the same quarter of fiscal 2019, according to an announcement. reported that net sales plunged by 44.7

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

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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 .

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Gap Brand CEO Stepping Down

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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

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iPrice Group Notches $10M In Series B Investment

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With a round led by ACA Investments, comparison shopping platform iPrice Group has notched $10 million in Series B funding. Its last announcement for fundraising was in 2018 from the venture capital arm of Line. The platform, as of now, teams with “super apps” such as Home Credit and Line.

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Citi Ventures Co-Leads Even Financial’s $25M Round

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Existing investors American Express Ventures, Canaan Partners, F-Prime Capital, GreatPoint Ventures, and Goldman Sachs also participated. B2B2C FinTech company Even Financial announced that it has raised a $25 million strategic round of investment led by Citi Ventures. This latest round has brought Even’s total raise to date to $50 million.

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CoverHound Raises $58M For Expansion Of Insurance Platform

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CoverHound, the online property and casualty insurance platform operator, announced Tuesday (Feb. It also plans to earmark some of the funding to support new branded partnerships with banks, insurance companies and tech firms it is rolling out this year. 5) that it raised $58 million in venture funding.

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JDE Peet?s Notches $2.6B In IPO

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This is a company that doesn’t have a direct comparison in Europe — it’s unique, very large, and very resilient,” BNP Paribas Head of Equity Capital Markets Andreas Bernstorff said in the report. JDE Peet’s brands, for their part, include Peet’s Coffee , Douwe Egberts, and Kenco.