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Brooks Brothers Seeks Court Approval For $305M Stalking Horse Bid

PYMNTS

Brooks Brothers is seeking court approval for a $305 million stalking horse deal it reached with SPARC Group LLC, which is partly owned by Authentic Brands Group (ABG). The retailer said it filed a motion in United States Bankruptcy Court for the District of Delaware to receive the go-ahead for the asset purchase deal with SPARC.

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Amazon To Shut Down Free Sample Program

PYMNTS

A brand that wanted to take part in the program paid about $2 for each sample, in addition to the cost of the product. . Amazon is no stranger to privacy issues, and recently f ive senators wrote a letter to Amazon CEO Jeff Bezos, asking him to explain how security surveillance company Ring uses peoples’ data and videos.

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Amazon Discontinues Free Sample Program

PYMNTS

A brand that wanted to take part in the program paid about $2 for each sample, in addition to the cost of the product. . Amazon is no stranger to privacy issues, and recently f ive senators wrote a letter to Amazon CEO Jeff Bezos, asking him to explain how security surveillance company Ring uses peoples’ data and videos.

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Subscription Box Company Loot Crate Files For Chapter 11

PYMNTS

The company specialized in monthly fan boxes filled with shirts, gear and gadgets for the sci-fi and gaming culture, Chief Restructuring Officer Stuart Kaufman said in a court declaration filed in Wilmington, Delaware. Court papers show the company had more than 250,000 recurring subscribers, the news outlet reported.

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True Religion In Midst Of Chapter 11 Filing

PYMNTS

The premium denim retailer recently announced plans to file in the District of Delaware U.S. To alleviate stress during the Chapter 11 bankruptcy filing process, True Religion has secured a post-petition debtor-in-possession (DIP) $60 million round of financing from Citizens Bank.

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Darden Cyberattack Puts 567K Cards At Risk

PYMNTS

In a press release , the restaurant chain operator said it was notified on August 16, 2018, by federal authorities that a legacy point-of-sale system for some of its Cheddar’s Scratch Kitchen restaurants, a brand acquired by Darden last year, may have been compromised via a hack that involves restaurants in 23 states. 3, 2017, through Jan.

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The United States Of Startups: The Most Well-Funded Tech Startup In Every US State

CB Insights

The others include: Vox Media , Magic Leap , GreenSky , Avant , DraftKings , Duo Security , Infor , AvidXChange , and Domo. Acumen Brands. Tenable Network Security. Duo Security. $ The most well-funded US tech startup is California’s Uber with $13.96B in disclosed equity funding (as of 1/8/18). AfterSchool. California.