Remove 2013 Remove Fashion Remove Finance
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Exclusive Q&A: Venmo GM on the Company’s ‘Natural Extensions’ into Business Payments

Retail TouchPoints

McKinsey calls this embedded finance — when a financial product or solution is placed in a non-financial setting, for example on a social media platform or in a store (private label credit cards are one old-school example). Embedded finance has become big business: McKinsey estimated that the sector reached $20 billion in revenue in the U.S.

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Analysts say Adidas took too long to cut ties with Ye over hate speech

Inside Retail

The announcement came after several days of mounting pressure on the sportswear brand to cut ties with the controversial celebrity, with whom it has worked on Yeezy-branded shoes and apparel since 2013. A hammer blow to its finances. Staying silent was not the PR strategy to get Adidas out of this hole.

Fashion 246
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How UPF clothing brand Solbari aims to beat skin cancer with $10m injection

Inside Retail

Solbari is short for solar barrier, and creating a wearable, fashionable, effective and comfortable one is precisely Young’s vision. Founded in Young’s two-bedroom Melbourne apartment in 2013, Solbari now sells a product every 90 seconds, with over 300,000 customers across over 160 countries. It’s all in the name.

Apparel 264
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Kohl’s Reaches Agreement with Activist Investors, Names Three New Board Members

Retail TouchPoints

Other elements of the agreement between Kohl’s and the investor group include: The board’s existing ad hoc finance committee will become a standing Finance Committee of the board the purpose of which will include assisting the board on its oversight of capital allocation decisions made by the company.

Finance 179
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Off-loaded: LVMH sells Off-White after short tenure

Inside Retail

Gary Wassner, chief executive of the financing and factoring company at Hildun Corporation, shared his thoughts about Off White’s future. “It seems as if the full-price luxury market has given up on the brand,” he told Business of Fashion. The company’s portfolio includes Tahari, Bebe, and Scotch & Soda.

Fashion 130
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Homebase finance chief steps down

Retail Gazette

He will be replaced by Simon Luscombe, who has been the retailer’s director of finance the last seven years. Subscribe to Retail Gazette for free Sign up here to g et the latest news straight into your inbox each morning Prior to Homebase, Luscombe worked in the finance department of fashion retailer Hobbs between 2007 and 2017.

Finance 59
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Analysis: Why does Shein continue to escape scrutiny?

Inside Retail

The Chinese fast fashion giant may be one of the most downloaded fashion apps around the world, but it continues to maintain a low corporate profile. Ask any consumer to name a fast fashion retailer and they probably think of H&M, Zara or Gap. Fast fashion, but slow deliveries. Inclusive fashion. Shein hauls.