article thumbnail

Ruby Tuesday Files For Bankruptcy, Will Close 185 Locations

PYMNTS

This latest announcement follows a private-equity buyout in 2017 by NRD Capital Management. Founded in 1972 and headquartered in Maryville, Tennessee, Ruby Tuesday has furloughed about 7,000 of its roughly 7,300 employees.

Tennessee 163
article thumbnail

Echelon Pulls In $65 Million In Funding As ‘Connected’ Fitness Takes Off

PYMNTS

Echelon Fitness of Tennessee has raised $65 million in funding as the internet-connected fitness company takes advantage of pandemic-fueled growth. Jon Canarick , managing partner of North Castle, said that Echelon had “experienced explosive growth” during the pandemic.

Tennessee 204
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Supply Chain Strategies Forge Closer Ties With Shareholder Value

PYMNTS

With only 16 percent of businesses reporting that they already have a multi-year supply chain management strategy, according to the Global Supply Chain Institute, this indicates that this area is probably overlooked come time to report on earnings. Large Conglomerates Demonstrate.

Strategy 109
article thumbnail

Carvana Stock Falls Short On First Day Of IPO

PYMNTS

cities, such as Austin and Dallas in Texas and Nashville, Tennessee. are acting as joint book-running managers for the offering. William Blair & Company, LLC, BMO Capital Markets Corp. and JMP Securities, LLC are acting as co-managers. “I and Deutsche Bank Securities, Inc. Baird & Co.,

Nashville 128
article thumbnail

D3 Digital Banking Platform Goes Live at First Tennessee Bank

Fintech Labs Insights

The largest Tennessee-based bank, First Tennessee Bank, has gone live with a digital banking platform from D3 Banking. The deployment will provide a personalized banking experience for almost half a million digital customers while lowering costs for First Tennessee Bank.

article thumbnail

New Carro Hire Shows How Vehicle Subscriptions Are Growing

PYMNTS

Ernest Chew, who heads the British lender’s capital goods and automotive investment banking team in the region, will join Carro as its chief financial officer in February,” the news service said, citing unnamed sources. According to the report , the deal comes as Carro raised some $30 million in fresh capital. Toyota’s Move.

Nashville 130
article thumbnail

Are banks taking advantage of the CECL extension?

Independent Banker

The standard allowance for loan and lease losses (ALLL) used to account for those losses didn’t offer a timely way to adjust regulatory capital. For those banks, early adoption is an option, but few if any community banks are choosing it, according to James Kendrick, ICBA’s first vice president of accounting and capital policy.