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LVMH, Tiffany Engage In Luxurious War Of Words

PYMNTS

The suit, filed Monday in Delaware , says that LVMH “continues to have full confidence in its position that the conditions necessary to close the acquisition of Tiffany have not been met.”. The two sides go to trial in January in Delaware. In the balance lies the future of one of retail’s truly iconic luxury brands. billion takeover.

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Barclays US Taps Ex-Capital One Exec To Lead Cards And Payments Business

PYMNTS

Holdaway, who has an MBA from Harvard Business School, joins Barclays after 15 years at Capital One , where he held a variety of senior leadership roles in new business initiatives, internet acquisitions and partnership finance. Holdaway will be based in Wilmington, Delaware, and will start his new position in July. and Germany.

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Jeans Maker True Religion Files For Chapter 11 Bankruptcy

PYMNTS

The court filing took place in Delaware on Monday, April 13. 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. True Religion tried to capitalize on that with its own brand of workout pants.

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Barclays Eyes US Expansion

PYMNTS

In addition, sources say that Barclays is putting more capital behind its U.S. housing market during the last recession. Since then, it launched an online lender in Delaware, which collects term deposits to fund its large U.S. billion of deposits to its Delaware operation. Other possibilities include rolling out its U.K.

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OCC outlines risk plan as Northeastern loan growth doubles

Abrigo

Multifamily, commercial and automotive loans are driving loan growth among banks in the Northeast, but increasing risk will draw fresh attention from regulators to ensure recent and future growth is sound, the Office of the Comptroller of the Currency said recently. The OCC on Oct.

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Simon Property Group Hits Gap With Lawsuit To Recoup Back Rent

PYMNTS

In the first major retail rent showdown of the pandemic, Simon has filed a complaint in state court in Delaware seeking $66 million in back rent owed by The Gap, which also owns Banana Republic and Old Navy. The announcement came as The Gap cut staff, furloughed workers, slashed expenses and put $300 million in capital improvements on ice.

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The RealReal Notches $300M In IPO

PYMNTS

The company priced its shares above a target range, having sold 15 million shares for $20 apiece following their marketing at $17 to $19, Bloomberg reported. The RealReal reportedly has yet to generate a profit, even though Bloomberg noted “the market is intrigued by its growth.” per the filing. IBISWorld Pty Ltd.

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