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Nordstrom Family and Mexican Retailer Liverpool to Take Company Private in $6.25B Deal

Retail TouchPoints

-based companies, will take the storied luxury department store private in an all-cash deal valued at approximately $6.25 Nordstrom and Liverpool have been financially involved since at least September 2022, when Liverpool took a 9.9% billion ABL [asset-based lending] bank financing and cash on hand. to Liverpool.

Finance 278
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Sustainability and Profitability: How Embedding Sustainability can Boost Business Performance

Retail TouchPoints

At the same time, underfunded sustainability teams spend much of their time educating other departments rather than executing initiatives. This coordination is a great example of embedded sustainability and bringing the functional expertise of both supply chain and finance to bear in addressing challenges in supplier engagement.

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Lowe’s Promotes Finance Exec to CFO

Retail TouchPoints

Lowe’s has promoted Brandon Sink to EVP and CFO, effective April 30, 2022. Sink, currently SVP of Retail Finance at the retailer, will replace Dave Denton, who is departing to pursue another opportunity. Prior to his time with Lowe’s, Sink worked at Deloitte and Nucor Corporation.

Finance 288
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Qurate Retail Names Finance Veteran as Permanent CFO

Retail TouchPoints

Wafford, who will report to Qurate Retail President and CEO David Rawlinson II, replaces James Hathaway, who has served as interim CFO since August 2022. Wafford was most recently CFO at the digitally native apparel brand Everlane , and he also has held that title at companies including JCPenney, The Vitamin Shoppe and Thrasio.

Finance 278
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Bed Bath & Beyond Promotes Two Executives to Top Finance Positions

Retail TouchPoints

One day after announcing the departure of CEO Mark Tritton , Bed Bath & Beyond has named Laura Crossen as its new SVP of Finance and Chief Accounting Officer, and Susie Kim as SVP of Treasury and Investor Relations. She replaces John Barresi, who resigned from the company effective June 10, 2022 to pursue another opportunity.

Finance 317
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The D2 Summit: Where Finance and Tech Leaders Can Tackle Web 3.0

Retail TouchPoints

While many have seen the words “Web 3.0,” “blockchain” and even NFTs in the headlines, there is still more to learn about these topics and the overall decentralized finance (DeFi) space. 18-19, 2022, at Convene One Liberty Plaza in New York City. CEOs, CIOs, CFOs and other executives involved in Web 3.0,

Finance 304
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Regulation is Coming to POS Finance: Why Responsible Lending Will Benefit Retailers

Retail TouchPoints

As economic pressures and living costs surge, more people than ever are considering using point-of-service (POS) finance — such as buy now, pay later and installment loans — to manage their cashflow. It’s clear that there is a consumer-driven need for more flexible finance and smarter buying power. .

Finance 260