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Today In Retail: Bed Bath & Beyond Inc. Enters Deal To Sell Cost Plus; Authentic Brands Might Buy Arcadia Group 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. Riley Securities Inc.

Branding 131
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Press Release: BankBazaar Marks Third Year of Growth; Hits Rs. 215 Crore Revenue

BankBazaar

BankBazaar.com, India’s leading fintech co-branded Credit Card platform and online platform for free Credit Score, marks its third consecutive year of fast and sustainable growth, with an unaudited operating revenue of Rs.215 in co-brand Credit Cards in force compared to the previous year. 215 Crore in FY24.

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Wells Fargo Seeks Bidders For Private-Label Credit Card Unit

PYMNTS

The banking group has started reaching out to possible bidders, but still hasn’t made a definitive decision as to whether it will actually sell the unit, which specializes in store-branded credit cards, according to a Bloomberg report. Others are operating in a less constrained way.”.

Cards 285
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Citi Ventures Co-Leads Even Financial’s $25M Round

PYMNTS

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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Gymboree Files For Chapter 11 Bankruptcy Protection

PYMNTS

It should come as no surprise that the retailer is choosing to go this route as it’s still under heavy pressure of Bain Capital’s $1.8 In addition to this filing, the children’s clothing store will close approximately 450 locations in the hopes of reducing its debts by just over $900 million. billion buyout seven years ago.

Retail 108
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Car Vending Machine Company Carvana Goes Up Against Wall Street

PYMNTS

This belief is based on “the Company’s operating plan, that current working capital and expected continued inventory and capital expenditure financing is sufficient to fund operations and satisfy the Company’s obligations.”. The Miami vending machine has a new design and is definitely an attention-getter in new markets.

Company 130
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The Increasingly Global Luxury Game

PYMNTS

We have enough capital to take us to profitability.”. Moda Operandi does have enough capital: The eCommerce business grew by leaps and bounds in 2016; according to Nicodemus, the firm’s year-over-year sales growth has been “exponential,” as customers have flocked to its somewhat unique offering.

Branding 100