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Initialized Capital Management’s Fifth Fund Notches $230M

PYMNTS

Initialized Capital Management has notched $230 million for Initialized V , the California venture firm’s fifth fund, which is geared toward backing early-stage companies, Bloomberg reported. Initialized Capital Management Co-Founder Garry Tan told Bloomberg, “We love finding tomorrow’s unicorns.”.

Capital 255
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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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In today’s top retail news, Bed Bath & Beyond Inc. 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.

Branding 131
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Women’s Luxury Watch Retailer Embarks On A Digital Adventure

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While the only thing that was temporarily put on hold was a search for scalable capital investment, Mullin is stepping forward with a new YouTube Channel that started on June 1, with three episodes each showing women in adventurous roles. From a marketing standpoint, it doesn’t make sense,” she said. Video is critical,” Mullin noted.

Retail 267
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SMB Financing Fuels Week Of B2B Venture Capital

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Bad news hit the startup community this week as new analysis from CBInsights revealed a significant decline in venture capital (VC) funding in the first quarter of 2020. The company connects SMBs to invoice financing via is mobile app Bridge2Capital, targeting retail shopkeepers with a way to finance their outstanding payables.

Capital 141
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Allbirds Focuses On Store Growth, Global Expansion

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Wool footwear brand Allbirds is wagering on physical retail stores despite the coronavirus. The firm recently closed a $100 million investment round that will partly back physical growth in international markets and bolster the size of its labor force, the Financial Times reported.

Retail 256
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eBay To Lay Off Close To 300 California Workers

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eBay is gearing up to slash close to 300 jobs in California, with the cuts slated to be completed by July 20. The layoffs come as eBay continues to battle against Amazon in online retailing. RBC Capital Markets estimates Amazon made between $1.5 No affected employee has any bumping rights.”. billion.

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The Vicious Circle Of Physical Retail Meets The Virtuous Circle of Digital

PYMNTS

If your business touches retail in any way, it might pay to follow a few important breadcrumbs. Last week, Constellation Brands purchased Empathy Wines , a direct-to-consumer (DTC) eCommerce business that sells wines from California vineyards. It reportedly purchased this digital upstart — one with a reported (and very small) $3.9

Retail 259