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Brooks Brothers Seeks Court Approval For $305M Stalking Horse Bid

PYMNTS

Brooks Brothers is seeking court approval for a $305 million stalking horse deal it reached with SPARC Group LLC, which is partly owned by Authentic Brands Group (ABG). The retailer said it filed a motion in United States Bankruptcy Court for the District of Delaware to receive the go-ahead for the asset purchase deal with SPARC.

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Subscription Box Company Loot Crate Files For Chapter 11

PYMNTS

The company specialized in monthly fan boxes filled with shirts, gear and gadgets for the sci-fi and gaming culture, Chief Restructuring Officer Stuart Kaufman said in a court declaration filed in Wilmington, Delaware. Court papers show the company had more than 250,000 recurring subscribers, the news outlet reported.

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True Religion In Midst Of Chapter 11 Filing

PYMNTS

While the retail industry is undergoing a digital revolution, many merchants are feeling financial pressure. One of the latest retailers to file for Chapter 11 bankruptcy protection is high-end denim company True Religion Apparel. The premium denim retailer recently announced plans to file in the District of Delaware U.S.

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Amazon To Shut Down Free Sample Program

PYMNTS

A brand that wanted to take part in the program paid about $2 for each sample, in addition to the cost of the product. . Amazon is no stranger to privacy issues, and recently f ive senators wrote a letter to Amazon CEO Jeff Bezos, asking him to explain how security surveillance company Ring uses peoples’ data and videos.

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Amazon Discontinues Free Sample Program

PYMNTS

A brand that wanted to take part in the program paid about $2 for each sample, in addition to the cost of the product. . Amazon is no stranger to privacy issues, and recently f ive senators wrote a letter to Amazon CEO Jeff Bezos, asking him to explain how security surveillance company Ring uses peoples’ data and videos.

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Companies ‘Pivoting To Blockchain’ See Huge Stock Spikes — But Does The Hype Hold Up?

CB Insights

Online retailer Overstock.com, which traditionally sells home goods, clothing, and beauty products, announced December 14 that it would look to sell or reorganize its retail business in order to focus on blockchain. Exchange: NASDAQ. Price: Peak post-announcement price: $70.00. Closing price 03/23/18: $45.20. NXT-ID INC.

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Banking Is Only The Beginning: 30 Big Industries Blockchain Could Transform

CB Insights

As a digitized, secure, and tamper-proof ledger, blockchain could serve the same function, injecting enhanced accuracy and information-sharing into the financial services ecosystem. Elections require authentication of voters’ identity, secure record keeping to track votes, and trusted tallies to determine the winner. Healthcare.