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Movers & Shakers

Chico’s CEO Steps Down

Chico’s CEO Steps Down

Chico’s FAS CEO and President Shelley Broader has resigned from her roles, as well as from the company’s Board of Directors. Bonnie Brooks, former Vice Chair, President and CEO of Hudson's Bay...

Kraft Heinz Appoints New CEO With An Eye On Organic Growth

Kraft Heinz Appoints New CEO With An Eye On Organic Growth

Kraft Heinz has appointed Miguel Patricio as CEO, effective July 1. He will succeed Bernardo Hees, who has been with the manufacturer for six years and led the merger of...

Best Buy Promotes New CEO and President

Best Buy Promotes New CEO and President

Best Buy has promoted Corie Barry to CEO and Mike Mohan to President and COO, with both changes taking place June 11. Barry is currently CFO and Strategic Transformation Officer,...

Mergers & Acquisitions

Mastercard Acquires POS Financing Provider Vyze

Mastercard Acquires POS Financing Provider Vyze

Mastercard has purchased Vyze, a financing option offered at the retail POS that connects merchants with multiple lenders. Terms of the acquisition were not disclosed. “Both consumers and businesses want the...

Global Brands Acquires Fred Segal, Plans International Expansion

Global Brands Acquires Fred Segal, Plans International Expansion

Global Icons has acquired Fred Segal for an undisclosed sum. The company plans to expand the clothing and accessories retailer’s international presence while maintaining its domestic growth, which includes a...

Ascena Retail Sells Maurices Majority Stake To Private Equity Firm For $300M

Ascena Retail Sells Maurices Majority Stake To Private Equity Firm For $300M

Ascena Retail Group, the conglomerate that owns and operates specialty apparel retailers including Ann Taylor, LOFT, Lane Bryant and DressBarn, is selling off its majority stake in Maurices as it...

Financial News

FullStory Raises $32 Million To Expand Digital Customer Experience Capabilities

FullStory Raises $32 Million To Expand Digital Customer Experience Capabilities

FullStory, a digital intelligence platform, secured $32 million in Series C funding. The round, which brings the company’s total funding up to $47 million, was led by Stripes Group. Existing...

Vue.ai Raises $17 Million To Deliver AI-Driven Styling Recommendations, Visual Search

Vue.ai Raises $17 Million To Deliver AI-Driven Styling Recommendations, Visual Search

Vue.ai, a platform designed to provide retailers with AI-driven and computer vision-based styling recommendations, automated product tagging, shoppable content and visual search capabilities, has raised $17 million in a Series...

China-Based Luckin Coffee Files U.S. IPO After Raising $150 Million

China-Based Luckin Coffee Files U.S. IPO After Raising $150 Million

Starbucks has aspired to become the preferred coffee destination in China for a few years now, originally outlining a plan to open 5,000 cafés by 2021. But it is not...