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Capital One Eyes Discover Financial Merger

Retail Wire

In a potentially massive move for the credit card industry, reports suggest that Capital One is contemplating acquiring Discover Financial. If this deal goes through, it would merge two of the country's biggest credit card giants, creating a behemoth in the sector.

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Kogan’s revenue falls, profit rises amid transition to capital-light business

Inside Retail

million amid lower inventories as the company transitions into a capital-light business. ” The post Kogan’s revenue falls, profit rises amid transition to capital-light business appeared first on Inside Retail Australia. The trans-Tasman online retailer’s fiscal third-quarter revenue fell 2.4 per cent year on year to $105.9

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Shaftesbury Capital celebrates successful partnership with Smart Works

Retail Focus

Shaftesbury Capital is celebrating the success of its long-term support for Smart Works, the UK charity, with its fourth pop-up across the West End portfolio having taken donations past £200,000 to date. It marked the fourth pop-up for the charity since 2022 with Shaftesbury Capital, following previous success in Covent Garden.

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Retail is back as rents settle. Maya Capital closes Fulham Road retail investment

Retail Focus

Maya Capital LLP , a pan European investment firm, announces that it has completed the purchase of 24,228 sq ft of retail and showroom accommodation in London, on 137-167 Fulham Road. David Pralong, Managing Partner of Maya Capital, commented: “We are thrilled to announce the successful acquisition of this prime retail asset in London.

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Walmart Sues Capital One to End Branded Credit Card Partnership

Retail TouchPoints

Walmart has filed a lawsuit seeking to end its credit card contract with Capital One Financial , alleging that the payment company failed to live up to certain terms of the agreement. In the meantime, cardholders should not experience any disruptions in service and can continue to use their existing Capital One Walmart credit cards.”

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Bain Capital sells Boost Juice, Betty’s Burgers parent

Inside Retail

Bain Capital has sold its stake in Retail Zoo – which operates Boost Juice and Betty’s Burgers – to private equity firm Admantem Capital. The post Bain Capital sells Boost Juice, Betty’s Burgers parent appeared first on Inside Retail. The value of the deal was reported to be worth about $350 million.

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Kogan’s gross sales decline, profit up amid shift to light-capital business

Inside Retail

Pureplay, listed online retailer Kogan said its gross sales fell in the first half of the current fiscal year amid inventory reduction as the company continues its evolution into a more light-capital business. Kogan’s gross sales fell 5.6 per cent year over year to $445.4 million in the first half ended December 31 last year.

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