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Hilco, TPG Form Joint Venture to Acquire Struggling Brands, Beginning with Bebe and Brookstone

Retail TouchPoints

Financial services company Hilco Global and asset management firm TPG Angelo Gordon have formed a new joint venture (JV), with the goal of acquiring and financing consumer brands and IP in partnership with brand management firm Bluestar Alliance. and managed by Bluestar since 2018. Both brands have been owned by Bebe Stores, Inc.

Finance 162
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Hy-Vee RMN Deploys Carrot Ads Solution; Instacart Extends Ad Placements to Smart Carts

Retail TouchPoints

Hy-Vee first partnered with Instacart for deliveries in 2018. Dianas has been crafting premium chocolate-covered frozen bananas since 1984 and today, were proud to have nationwide retail distribution, said Stan Keller, Chief Strategy and Finance Officer at Dianas Bananas in a statement.

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PacSun Names Co-CEOs and New President

Retail TouchPoints

Chang has been President of PacSun since 2018 and has served in multiple senior positions since joining the company in 2006. Relich will oversee operations, including sourcing/supply chain, distribution, planning and allocation, IT, finance, legal and human resources. Both will serve on the company’s Board of Directors.

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Meet the Aussie e-commerce aggregator that plans to be a unicorn next year

Inside Retail

Since 2018, when the OG aggregator, Thrasio, launched in the US, there has been a veritable explosion of similar startups, including Opontio in Dubai, Upscalio in India, Valerio in Mexico and Rainforest in Singapore. It has already acquired several e-commerce businesses in Australia, where it plans to focus its efforts.

Planning 246
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Rihanna’s Savage X Fenty Secures $115M in New Financing, Plans Retail Expansion

Retail TouchPoints

Savage X Fenty was launched in 2018, and the brand is coming off a banner year with revenue growth of 200% and an increase of more than 150% in its active VIP member base, according to the company. “In

Finance 147
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Australia unveils draft law to regulate digital payment providers

Inside Retail

The Australian government said on Wednesday it planned to introduce laws that would empower the central bank to regulate digital wallet providers including Apple Pay and Alphabet’s Google Pay. million in 2018. billion in 2022, from 29.2

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Luxury Brands Including Kering, Neiman Marcus Flee Farfetch in Wake of Sale to Coupang

Retail TouchPoints

As a result of the sale, Farfetch is now a private company, after having been traded on the NYSE since its IPO in September 2018. As part of the deal, NMG planned to update the Bergdorf Goodman ecommerce experience using Farfetch’s software, Farfetch Platform Solutions, and bring both Neiman and Bergdorf onto the Farfetch marketplace.