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Financial/Banking

  • Report: Hardware store retailer considering sale

    Is True Value on the block?  

  • Report: Lampert considering deal with Sears Canada

    The chairman and CEO of Sears Holding Co., is reportedly considering a deal with bankrupt Sears Canada.  

  • Report: Amazon beat out six other suitors for Whole Foods Market

    As it turns out, there was lots of interest in Whole Foods Market.   The retailer was fielding other potential deals, including approaches by four private equity firms and two unnamed companies identified only as "Company X" and "Company Y," when Amazon made its move, CNBC reported.   

  • Study: EMV is shifting fraud online

    A new fraud pattern is emerging.    For 84% of U.S.-based companies, EMV has lowered their fraud prevention costs. However, 52% of retailers said their card not present (CNP) losses are growing.   This is according to the “2017 Global Payments Insight Survey: Merchants and Retailers,” from ACI Worldwide and Ovum. The study tapped 1,475 payments executives globally in December, 2016 -January, 2017.   

  • Specialty denim retailer files for Chapter 11

    Premium denim brand True Religion Apparel Inc. has struck a deal to erase $350 million of its debt.    The company announced Wednesday that it has filed for Chapter 11 bankruptcy protection and signed a restructuring agreement with the majority of its lenders, including private equity owner TowerBrook Capital Partners. It listed assets and liabilities in the range of $100 million to $500 million.  

  • The most valuable brands in the world are...

    Technology giants, including a retailer, dominated an annual ranking of the world's most valuable brands.   

  • Study: Majority of shoppers favor ‘next-gen' payments

    Consumers are ready to leave paper-based checks behind.   In fact, 80% of Americans are in support of "futuristic" payments technologies and currencies, including tools like sensor fingerprinting, facial recognition, retinal scanning and voice control, as well as currencies like bitcoin. This was according to research from Viewpost, a B2B network provider for invoicing, payments and cash management.   

  • Report: Staples to be split into three units

    Sycamore Partners has a plan for its newest retail acquisition, Staples.   The private equity firm, which purchased the office supply giant for $6.9 billion on Wednesday, plans to divide the chain into three separately financed units: U.S. retail; Canadian retail; and corporate-supply businesses, reported The Wall Street Journal reported. The three units will all remain under the same corporate umbrella.  
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