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PayPal to join the BNPL race with the acquisition of Paidy

PayPal Holdings, Inc. has  announced that it has agreed to acquire Paidy, a payments platform and provider of buy now, pay later solutions in Japan, for US $2.7 billion, principally in cash. The acquisition is expected to expand the...

Customer loyalty and engagement solutions platform Capillary Technologies acquires Persuade

Capillary Technologies, today announced the acquisition of Minneapolis-based customer experience (CX) company, Persuade. A brand with over thirty years of expertise, Persuade will expand Capillary’s presence in North America and strengthen its position globally.  “We are absolutely thrilled to join...

Nuvemshop raises $500m from Insight Partners and Tiger Global Management

Brazilian e-commerce platform Nuvemshop has become the latest unicorn startup in Brazil after raising a $500 million Series E round of funding. The round was led by Insight Partners and Tiger Global Management, with significant participation from Alkeon, and...

South Korea e-commerce marketplace to surpass $242.2 Billion- Global Data

As the e-commerce trends continue to improve worldwide ahead of the pandemic. The Global Data reports stated that South Korea's e-commerce market ranked among the top e-commerce marketplace. The report also stated that the country will reach KRW/263.5 trillion...

Walmart hiring crypto expert to explore digital currency avenues

As per media sources, Walmart is planning to hire a cryptocurrency expert as a warmup to a blockchain strategy the company is planning to put to action. Recently, Walmart also topped the Fortune Global List. The retail giant is moving...

Google reworks its privacy policies to make internet browsing safe for kids

Google has recently announced changes in their products and policies for its entire suite of offerings. These changes have been brought in keeping the minors and children in mind. Based on these changes, young people can now browse in...

YouTube promotes ‘Shorts’ with a global campaign

YouTube, is all set to launch its global campaign pushing into a larger market by focussing more on Gen-Z fans and creators. The company launched a global campaign by introducing the world to the “shorter side of YouTube”.   The Youtube...

Adidas ends its 15 year saga with Reebok, Sells off the brand to ABG

German sports giant, Adidas has made it official that it has entered into a definitive agreement to sell Reebok to Authentic Brands Group (ABG) for a total consideration of up to € 2.1 billion, with the majority to be...

John Lewis invests in a bigger warehouse space to support its digital growth

Britain John Lewis Partnership has announced that it has signed a deal to lease a 1 million square foot distribution centre from supermarket group Tesco to help meet growing online demand, with the creation of 500 jobs. Digital now accounts...

Hello Fresh plans to expand its reach by entering Japan & Italy

Germany’s popular meal-kit delivery firm HelloFresh has announced that it will enter Japan, its first Asian market, and Italy by the end of the year, as it plans to tap into robust demand across regions following a strong second...

Trent Limited has announced 240% growth in its Q1FY22 results

The COVID 2nd wave related disruptions significantly impacted Trent’s operations during Q1. The company reported that their fashion business (Westside and Zudio) operated for 46% of the trading days, up from 26% in the corresponding previous period. However, by the...

Square to acquire Australian BNPL company Afterpay

Square Inc., is planning to acquire Afterpay, an Australian 'Buy Now, Pay Later' company. Square has agreed to acquire all of the issued shares in Afterpay by way of a recommended court-approved Scheme of Arrangement. The transaction has an implied...

Levi Strauss & Co. to acquire athleisure apparel brand Beyond Yoga

Levi Strauss & Co. has announced that they have signed a purchase agreement for the sale of Beyond Yoga to LS&Co. The company hasn’t disclosed the size of the all-cash deal, however the deal is expected to close in...

Walmart tops the Fortune list, Reliance at no.155

Fortune Global List, which ranks 500 top companies based on their annual revenues every year, has just released their recent rankings. Walmart got placed at the Numero Uno position, with the company revenue of 524 Billion dollars, followed by...

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The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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