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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. Bed Bath & Beyond Strikes Deal To Sell Cost Plus World Market. Authentic Brands Could Buy Arcadia Group And Debenhams.

Branding 131
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Retail 2020: Looking Back On D2C Brands

PYMNTS

Direct-to-consumer (D2C) brands came in two flavors during 2020. The second flavor were the brands that had seen traction before the pandemic and flourished during it with innovative marketing, fresh business models and cool packaging. When those markets sparked a fan base and reorders, the company was born.

Branding 162
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Press Release: BankBazaar Marks Third Year of Growth; Hits Rs. 215 Crore Revenue

BankBazaar

BankBazaar.com, Indiaā€™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 Strong bank partnerships have significantly bolstered BankBazaarā€™s position in the market.

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Chefā€™d Halts Operations After Burning Through Cash

PYMNTS

Chefā€™d , a the meal-kit operator, has halted its business operations after using up all its cash and failing to line up more of it. While it was able to ink deals with large food companies and diet plans, it was tough to run the operation ā€” and thus the cash burn rate. They are definitely having growing pains,ā€ he said. ā€œIt

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Outstanding Foods Aims To Hog The Market For Plant-Based Pork

PYMNTS

The four-year-old startup, which just raised $10 million in Series A funding, develops non-meat equivalents of pork rinds, bacon seasoning and other piggy products for the direct-to-consumer (D2C) and retail markets. You definitely wouldnā€™t want to eat food that I prepared,ā€ he joked. Bringing the (Plant-Based) Piggies to Market .

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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 hasnā€™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.ā€.

Cards 285
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Press Release: BankBazaar Posts 51% Increase in YOY Revenue in Q1 FY24

BankBazaar

BankBazaar posted a 51% YOY increase in revenue in Q1-FY24, driven by its portfolio of co-branded Credit Cards and P ersonal L oans , closing FY23 with audited revenue of ā‚¹159 crore (66% revenue growth from FY22). By further narrowing the EBITDA burn in Q1, the company stated it is poised for sustainable co-brand business scale-up.ā€ÆWith