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Walmart Launches 'Modern Fashion Brand'

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The retail giant is starting “a fashion essentials-inspired brand for both men and women created by our in-house design team,” the company said in a news release. At its core, this new brand is born from thoughtful, simple design, quality fabrics, modern silhouettes and styles updated for today.”. “At Today (Sept.

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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

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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.

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Sneaker Marketplace Goat Group Nets $100M For Expansion On $1.75B Valuation

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Online sneaker marketplace Goat Group has raised $100 million in a Series E funding round, according to The Wall Street Journal (WSJ), which will go toward expanding its products and apparel categories. The round was led by D1 Capital Partners , and values the company at $1.75

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Lucky Brand Starts Chapter 11 Proceedings, Seeks Sale

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Lucky Brand has started proceedings under Chapter 11 to help pave the way for a sale and decrease its debt load brought about by recent difficulties with the inclusion of the pandemic. In addition, the retailer said new Authentic Brands Group LLC subsidiary ABG-Lucky LLC will buy all of its intellectual property assets.

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Video Content Creates Digital-First Brand Loyalty

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Those reluctant groups are now jumping on the bandwagon as well and adopting these digital behaviors.”. That influx of users new to digital paths and processes has created pressure in the market for brands to leverage video content. And perhaps more critically, video done well boosts brand loyalty, Atzmon said.

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Creative Group FinTech Lands $25M To Expand Into 30 Countries

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Amsterdam-based startup Creative Group announced it has raised €22 million in funding from Prime Ventures. Founded in 2010, Creative Group enables customers to digitally buy or send prepaid credit to spend with their favorite brands, as well as to send cross-border credit remittances.

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Inspire Brands Acquires Jimmy John’s Sandwich Chain

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In a deal that would make it the fourth-biggest restaurant company in the country, Inspire Brands will acquire Jimmy John’s for a price that was not disclosed. Liautaud continued, “Inspire’s long-term approach, culture of innovation and commitment to helping brands grow sets it apart from the rest.”. 24, 2018 ($43.50 per share).

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