Remove 2002 Remove Branding Remove Capital
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Donna Karan Brand Sold For $650M

PYMNTS

This caps of a sometimes uneasy partnership – Donna Karan has publicly complained about LVMH’s stewardship of her brand since she retired officially last year. LVMH, on the other hand, reports they have actively looked for ways to revive the brand, mostly to no avail.

Branding 100
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Jeans Maker True Religion Files For Chapter 11 Bankruptcy

PYMNTS

Premium jeans brand True Religion has filed for bankruptcy for the second time in three years, according to court filings. True Religion was acquired for $824 million in 2013 by London-based capital investment firm TowerBrook Investment Partners, and ended up filing for bankruptcy in 2017.

Delaware 160
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Groupon Gets New Activist Investor

PYMNTS

Merage and his company, MIG Capital , based in Newport Beach, California, disclosed the 5 percent stake in the eCommerce company, the reason for which was that the stock was “undervalued, and represented an attractive investment opportunity,” he said. Groupon was MIG Capital’s largest stake in a previous SEC filing.

Capital 130
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Best Buy’s Board Loses Former CEO

PYMNTS

In his place, corporate venture capital leader Claudia Fan Munce assumed his seat on the board as of Monday, though Anderson will remain with the retailer until its yearly shareholder conference in June. “I

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Cosi Files For Bankruptcy

PYMNTS

We believe this process will allow the company to right-size its balance sheet, reduce its debt and focus on improving the business and stabilizing the brand,” Bennett added. Cosi has been traded on the Nasdaq since 2002 and saw its share price peak at around $40 per share in 2006.

Boston 100
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eBay/PayPal: What Everyone Missed

PYMNTS

Three years later, in 2002, eBay bought PayPal for $1.5 PayPal comprised 70 percent back in 2002, and almost surely a lot more today. Through 2023, PayPal will continue to operate as the payments intermediary for the branded PayPal transactions that happen on eBay. eBay’s homegrown alternative just sputtered along.

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High-Frequency Trading: Is It The New Normal?

Banking 2020

Animation aside, that would probably be Moneyball , an absorbing analysis of the moves made by Oakland As manager Billy Beane to rely more on technology-driven data than old-school scouting to put together his 2002 roster. To be clear, it’s not as if the regulatory bodies have kept their hands completely off this market.

Oakland 70