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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

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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. It is expected that the business will keep operating as a stand-alone brand. Authentic Brands Could Buy Arcadia Group And Debenhams.

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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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Dalumi Group Buys Online Luxury Jeweler Zoara.com

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The Dalumi Group, the Israeli diamond enterprise, announced Monday (Nov. 7) it has bought online diamond and luxury jewelry eStore Zoara.com. Dalumiā€™s involvement in the international diamond markets spans rough diamond sourcing, manufacturing and distribution, to marketing and even branded lines. Shareholders will get $40.75

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Auto1 Online Car Marketplace Plans To Go Public

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Berlin-based Auto1 Group said on Wednesday (Jan. Auto1 said it would put about three-quarters of that back into its business, which includes its Autohero website brand. Auto1 said it would put about three-quarters of that back into its business, which includes its Autohero website brand. Auto1 serves both consumers and dealers.

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Retail Branding Comes Off The Back Burner

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For retailers, especially those deemed non-essential and struggling with revenue, branding may be on the back burner right now. Big mistake, say several branding experts. And who you were was your brand. ā€œA Your brand attributes are the ones you fall back on when you have to make difficult decisions. ā€œA

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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 ā‚¬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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IAC Invests $1B In MGM Resorts International, Plans To Boost Online Gambling

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IAC , the New York-based global media and internet giant, is betting that an investment of $1 billion in MGM Resorts International will pay off in online gambling, according to a press release. With the separation of Match Group … and new IAC emerging with $3.9

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