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Movers & Shakers

Uber President Jeff Jones Resigns

Uber President Jeff Jones Resigns

Less than seven months after stepping in as Uber’s President to integrate the brand’s marketing and operations functions, Jeff Jones is leaving the ride services company. Jones arrived at Uber from...

Kmart President Alasdair James Steps Down

Kmart President Alasdair James Steps Down

More worrisome news for Sears Holdings. Kmart President and Chief Member Officer Alasdair James has left the company, according to Business Insider. James is the third executive to leave the company...

JCPenney CMO Leaving To Become Hershey’s Chief Growth Officer

JCPenney CMO Leaving To Become Hershey’s Chief Growth Officer

Only two years after taking the position in April 2015, JCPenney Chief Customer & Marketing Officer Mary Beth West will step down on April 1. West will join The Hershey...

Mergers & Acquisitions

Amazon Moves Into Middle East With Reported Souq Acquisition

Amazon Moves Into Middle East With Reported Souq Acquisition

Amazon has already established dominance in the U.S. and Europe and is getting serious in India and China, but it has now set its sights on another major region: the...

Synchrony Financial Acquires GPShopper

Synchrony Financial Acquires GPShopper

Synchrony Financial, a consumer financial services company, has acquired mobile app developer GPShopper to expand its mobile engagement capabilities. Financial terms of the transaction were not disclosed.

Jet.com Set To Acquire ModCloth

Jet.com Set To Acquire ModCloth

Walmart has reeled in yet another e-Commerce brand as part of its recent buying spree: ModCloth. Jet.com — the first of Walmart’s recent major e-Commerce acquisitions — will acquire ModCloth for...

Financial News

PIM Software Provider Akeneo Secures $13 Million

PIM Software Provider Akeneo Secures $13 Million

Akeneo, an open-source product information management (PIM) software provider founded in France in 2013, has raised $13 million from investors Partech Ventures and Alven Capital. The company plans to use the...

Flow Raises $13 Million To Expand Cross-Border Platform

Flow Raises $13 Million To Expand Cross-Border Platform

Cross-border commerce platform provider Flow has secured a $13 million Series A funding round from Bain Capital Ventures. The funds will be used to expand the cloud-based platform to global...

Location Engine Yext Files For IPO

Location Engine Yext Files For IPO

In a move that could raise as much as $100 million, Yext has filed for an Initial Public Offering (IPO) that would make its stock available for purchase as soon...