PYMNTS

MARCH 2, 2020

His TCC Group has put in a bid for the Tesco’s assets, with funding already in place in the event that the bid is successful, The Wall Street Journal reported, citing unnamed sources. Central Group and CP All PCL, the other two conglomerates in Thailand, have also reportedly put forward bids. To purchase the Asian assets of U.K.

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PYMNTS

DECEMBER 18, 2020

made good on its previously announced plan to allow group audio- and video-conference calls on its Echo devices, The Verge reported. The service appears to present a direct competitor to Zoom and Microsoft Teams in the market to provide group calls to relatively small groups of people. Amazon Inc. In the U.S.,

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American Banker

AUGUST 31, 2023

In August's roundup of American Banker favorites: The true cause of Heartland Tri-State Bank's failure, increased industry-wide frugality among banks, two prominent credit union trade groups announce plans to combine and more.

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PYMNTS

NOVEMBER 5, 2020

Ant Group 's initial public offering (IPO) could be delayed by six months and its valuation reduced by quite a lot after its delay this week, a report from the Financial Times says, as new regulations come into play. 3), one day after Beijing debuted a set of regulations that would have forced Ant Group to re-do its business model.

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PYMNTS

DECEMBER 5, 2019

Uber has introduced a group ordering option, the company said in a blog post. . Whether you’re at the office, going to a friend’s place or hosting at home, coordinating group meals can be challenging — especially when you and your guests are hungry and the clock is ticking,” the company said.

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PYMNTS

SEPTEMBER 21, 2020

Ant Group , the online payment provider for China-based Alibaba Group Holding Ltd., is seeking a record return of at least $35 billion as it goes public in the Hong Kong and Shanghai markets, sources told Bloomberg News. Ant Group declined to comment in an emailed statement. It contributed $433.7

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PYMNTS

DECEMBER 8, 2020

G-III Apparel Group , whose owned brands include DKNY and G.H. G-III Apparel Group reported net income of $1.29 The news comes as apparel maker VF Corporation , whose brand lineup includes The North Face, Timberland, Vans, Dickies and others, reported $256.7 Bass, among others, reported Tuesday (Dec. Bass brands suffered.

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PYMNTS

JUNE 8, 2020

With the pandemic putting its business into a state of disorder, Lane Bryant and Ann Taylor owner Ascena Retail Group is reportedly in talks with lenders about a possible bankruptcy filing.

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PYMNTS

APRIL 9, 2020

Google was told by the French Competition Authority (FCA) on Thursday (April 9) that it must pay to reuse content from news outlets and publishers in France. Last year, Google was forced to obey a new European copyright mandate and stopped showing European news blurbs on French search results.

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PYMNTS

NOVEMBER 3, 2020

One of Sweden’s largest private insurers, Folksam Group , says a data breach affected one million of its clients. We understand that this can cause concern among our customers, and we take what has happened seriously,” Folksam said in the news report. “We

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PYMNTS

JULY 31, 2020

Two days after Google and Facebook CEOs testified before Congress over alleged antitrust violations, Australia has proposed regulation that could force the tech giants to pay Australian news outlets to distribute their content. In response, Google said it was disappointed by the proposal.

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PYMNTS

DECEMBER 16, 2020

Benetton Group , an Italian fashion company, is teaming once more with retail market intelligence firm EDITED as an "essential platform" for its future three-year roadmap, according to a Wednesday (Dec. 16) announcement. “As

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PYMNTS

JULY 8, 2020

Ant Group, the online payment service affiliate of China’s Alibaba Group Holding Ltd, is looking to go public as early as this year, Reuters reported. . The news service reports that the world’s most valuable tech “unicorn” had been looking to sell shares in Hong Kong and mainland China simultaneously, according to sources.

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PYMNTS

SEPTEMBER 20, 2020

The business division of Western Union will work with Isabel Group , a Belgian company providing multi-bank services through its B2B network Isabel 6, to grow connectivity in Belgium, according to a press release. We are looking forward to working together with this international player in our ecosystem.".

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PYMNTS

AUGUST 21, 2020

As it aims for an approximately $225 billion valuation, Ant Group intends to seek dual listings in Shanghai and Hong Kong in the weeks to come, Bloomberg reported, citing unnamed sources. The news comes as Ant Group gained profits of $1.3 million in earnings for Alibaba Group Holding Ltd., Alibaba Group Holding Co.

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TheGuardian

FEBRUARY 1, 2023

Relentless selling triggers questions about how Indian conglomerate – which denies allegations – will meet its loan obligations Why has the Adani Group shed US$90bn in value and what do short sellers have to gain? Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading.

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PYMNTS

DECEMBER 2, 2020

China’s Ant Group, which owns the widely used Alipay payments app, is looking at selling its 30 percent stake in India’s Paytm as friction between the two countries grows, sources told Reuters. However, the news service said no formal sale process has begun, and both Ant and Paytm denied that such a move is underway.

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PYMNTS

JUNE 10, 2020

based The Restaurant Group , which serves up casual dining, reportedly plans to close 125 locations. According to the Financial Times , The Restaurant Group will use a “company voluntary arrangement” — which allows businesses to renegotiate debts with creditors. All told, the group could be left with 160 locations.

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PYMNTS

OCTOBER 12, 2020

FinTech company Ant Group continues to press toward having the biggest initial public offering (IPO) ever, with returns at an estimated $35 billion. Ant Group is the online payment affiliate of China-based Alibaba Group Holding. Ant Group gets most of its revenue from consumer loans made on the Alipay payments app.

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PYMNTS

DECEMBER 23, 2020

In the wake of the collapse of its initial public offering of stock (IPO), China’s Ant Group is scaling back the borrowing limits for some of the young users of Huabei. Ant Group is best known for its wildly popular payment and loans app Alipay , which has both online and mobile platforms. The company did not elaborate.

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PYMNTS

SEPTEMBER 9, 2020

Blockchain firm Digital Currency Group (DCG) has bought the Luno cryptocurrency exchange, which it will keep running as an independent subsidiary, according to a Wednesday (Sept. The news comes as Venezuela has reportedly obstructed two significant virtual private networks (VPNs) in recent times. 9) announcement.

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PYMNTS

DECEMBER 1, 2020

Germany-based Aareal Bank Group is rolling out its Aareal Exchange & Payment Platform (AEPP) offering. In separate news, U.S. Bank has launched its new AP Optimizer — an online tool that aims to streamline invoice handling and payments for companies. 1) announcement.

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PYMNTS

FEBRUARY 25, 2020

Manufacturers that sold items in Walmart’s physical locations and on Walmart.com had to pitch two distinct buying teams, and groups sometimes had discordant opinions over pricing differences between in-store and online products. It joined its store and online supply chains and finance groups in 2019. web and store businesses.

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PYMNTS

DECEMBER 26, 2019

Central Retail, which is part of the billionaire Chirativat family’s Central Group, will sell up to 22.1 With its listing plans, parent company Central Group will delist its Robinson Pcl retail subsidiary. In separate potential Asia IPO news, Chinese eCommerce company JD.com Inc.’s percent of the firm’s stock or 1.69

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Groups Retail New York Report 131

PYMNTS

JULY 17, 2020

A trade group for the U.K. The group notes that it is difficult to maintain retail business with “the commercial value of leases and cost of business rates,” with nearly no travel and forecasted long-term limited traffic. The news comes as data from Springboard retail experts indicated that traffic across U.K.

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PYMNTS

DECEMBER 16, 2020

In today’s top retail news, Benetton Group is teaming once more with EDITED, while CarLotz Inc. Benetton Group Teams With Retail Intelligence Firm EDITED. reported that revenues rose 12 percent for the third quarter of 2020. Plus, Amazon is making its next big fashion move through a personalization play with Made For You.

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PYMNTS

FEBRUARY 1, 2021

Add Simon Property Group to the list – the real estate investment trust formed a blank check firm known as Simon Property Group Acquisition in an IPO slated to raise up to $300 million. Upcoming SPACs, as noted by CNBC , may include 23andMe, which is focused on DNA testing, and a slew of media companies, including BuzzFeed.

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PYMNTS

SEPTEMBER 23, 2020

Online sneaker marketplace Goat Group has raised $100 million in a Series E funding round, according to The Wall Street Journal (WSJ), which will go toward expanding its products and apparel categories. Goat Group and StockX are among the prominent new companies arising because of the trend.

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PYMNTS

JANUARY 21, 2020

And now, for digital currencies, it’s a group effort — among central banks, that is. 21), at least some of those central banks are banding together to form a group that will study ways and means of issuing central bank digital currencies (CBDC). As for what may be underpinning a group effort …. But as reported Tuesday (Jan.

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Groups cryptocurrency National Study 142

PYMNTS

SEPTEMBER 18, 2020

The chairman of a European industry trade group has warned the uneven rollout of 5G wireless technology could hurt companies. His comment came as ERT released a study detailing the 5G gap between Europe and its global competitors, vital to the success of new technologies, the news outlet reported. “5G In a tweet Friday (Sept.

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PYMNTS

DECEMBER 20, 2020

Alibaba billionaire Jack Ma told Chinese regulators in November that he would give portions of Ant Group , the FinTech he founded, to the country's government in what so far has appeared to be an unsuccessful effort to make peace with authorities in the country, The Wall Street Journal (WSJ) reported.

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PYMNTS

MARCH 6, 2020

To bring online shopping visibility to fast-moving consumer goods (FMCG), Greece-based Convert Group has notched €1.2 Convert Group Founder and CEO Panayotis Gezerlis said, according to reports, “As strange as it may seem, e-commerce market share [data] for FMCGs in value, volume or units was virtually non-existent across the world.”

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PYMNTS

MARCH 9, 2020

billion, Tesco has struck a deal to sell its Malaysia and Thailand assets to entities of CP Group. It is currently engaged in a price war with discount grocers and eCommerce rivals, such as Ocado Group PLC and Amazon.com Inc. group in China with almost 3,000 of its partner’s locations. in the U.K.

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TheGuardian

MARCH 6, 2024

Coalition of advocacy groups warn that deal would ‘further concentrate risk’ in the financial system and ‘must be stopped’ Regulators have been urged to block Capital One’s $35bn takeover of Discover by campaigners who say the blockbuster deal is “dangerous, illegal, and must be stopped”. Continue reading.

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PYMNTS

JANUARY 14, 2021

Southeast Asian FinTech Grab Financial Group announced in a press release that it has raised $300 million in a Series A funding round. Grab Financial Group had a productive 2020 in which it managed to increase total revenue by 40 percent. The round was led by Hanwha Asset Management , South Korea’s leading asset management company.

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PYMNTS

JUNE 14, 2020

Coupa Software , which works in business spend management, announced that it has acquired treasury management software BELLIN Group , according to a press release. ” BELLIN Group CEO Martin Bellin said he created the company initially as a way to combat the inadequacies he saw as a corporate treasurer earlier in his career.

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PYMNTS

JULY 16, 2020

The gloves are off in the retail landlord leasing battle, with Simon Property Group now suing mall tenants who aren’t paying their rent. Last month, Simon Property Group filed a similar lawsuit against Brooks Brothers seeking $8.7 Stern likes what Ingka Group, operator of IKEA stores, is doing. million in missed rent payments.

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