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Walmart Installs Four Senior Execs At Flipkart

Walmart Installs Four Senior Execs At Flipkart

Just one month after finalizing its acquisition of a majority stake in Flipkart, Walmart is putting four of its top executives into key positions at the Indian e-Commerce marketplace, according...

Walmart Promotes Bonobos Co-President To CEO

Walmart Promotes Bonobos Co-President To CEO

Micky Onvural has been named CEO of Bonobos. She will replace founder Andy Dunn, who will be taking on broader digital responsibilities at parent company Walmart, which acquired the retailer...

Albertsons Appoints Former Starbucks Head As President And CEO

Albertsons Appoints Former Starbucks Head As President And CEO

Jim Donald, a former President and CEO of Starbucks, was named President and CEO of Albertsons Cos., effective immediately. Current Albertsons CEO Robert Miller will remain with the company as...

Mergers & Acquisitions

Cegid Buys SMB Tax Solution Loop Software

Cegid Buys SMB Tax Solution Loop Software

Cegid has acquired Loop Software, which offers a collaborative cloud-based accounts management and taxation solution for accountants and small and medium-sized enterprises. Terms of the deal were not disclosed.

Amazon Purchases Indian Hypermarket Chain More For $580 Million

Amazon Purchases Indian Hypermarket Chain More For $580 Million

Amazon and Indian private equity firm Samara Capital have acquired More, an Indian supermarket and hypermarket chain, for $580.35 million, according to Reuters. Aditya Birla Group, the parent company of...

Staples Acquires Essendant For $996M As Retailer Seeks Wholesale Revival

Staples Acquires Essendant For $996M As Retailer Seeks Wholesale Revival

Staples has acquired Essendant, a national wholesale distributor of office supplies, for $996 million, including net debt. The deal, coming a year after Staples was acquired by investment firm Sycamore Partners for...

Financial News

Bread Secures $60 Million To Extend Financing Platform Capabilities

Bread Secures $60 Million To Extend Financing Platform Capabilities

Bread, a marketing technology company that builds customizable financing solutions for retailers and brands, has completed a $60 million round of equity financing. The company, which first closed $126 million...

Postmates Raises $300 Million Funding Round, Eyes 2019 IPO

Postmates Raises $300 Million Funding Round, Eyes 2019 IPO

In the latest sign that investor confidence in on-demand delivery continues to skyrocket, Postmates has raised $300 million in a funding round led by Tiger Global Management. The deal values...

Custora Raises $13.75 Million In Latest Funding Round

Custora Raises $13.75 Million In Latest Funding Round

Custora, a cloud-based retail customer analytics platform, has raised $13.75 million in a Series B funding round led by General Capital, with participation from existing investors Foundation Capital and Greycroft. The...