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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,...

Evergage Hires New Customer Success VP For The Retail Practice

Evergage Hires New Customer Success VP For The Retail Practice

Evergage, a personalization and customer data platform, has named Laura Saati as VP of Customer Success for the Retail Practice. She will draw upon more than two decades of experience...

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

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...

Casper Becomes Third Retailer In Two Weeks To Reach ‘Unicorn’ Status

Casper Becomes Third Retailer In Two Weeks To Reach ‘Unicorn’ Status

Casper is joining Glossier and Rent the Runway as the latest digital native retailer to be valued at $1 billion, on the heels of a new $100 million Series D...

Levi Strauss Raises $623.3 Million In IPO

Levi Strauss Raises $623.3 Million In IPO

Levi Strauss & Co. raised $623.3 million through its IPO, valuing the company at over $6.5 billion. The retailer offered approximately 36.7 million shares at $17 each, and has begun...