PayPal has offered to buy Pinterest for $45 billion, people familiar with the matter said on Wednesday, a combination that could herald more tie-ups between financial technology and social media companies in e-commerce.
Life’s going to get tougher for Hammerson retail tenants still in rent arrears. While the property giant said it has seen a “significant” improvement in collection rates, it now remains “focused on collecting arrears”.
Missguided has finally filled the long-vacant key post of chief digital officer. The UK-based online fast-fashion retailer has reportedly poached Nick Thomas from UK health supplements retailer Holland & Barrett.
Hotter has been super-busy with its autumn/winter 2021 range. The UK retail footwear brand has added an impressive 34 new styles to its line-up, inspired by stellar growth in outdoor pursuits in the past 18 months.
E-tail giant Alibaba is seeking to dethrone Chinese rival Shein from its powerful position in fast-fashion online retail with the launch of its own value-focused, trend-responsive fashion platform AllyLikes.
The company revealed on Tuesday that it will offer some 15 million shares, which it expects to sell for between $18 and $21 apiece. At $21 a share, Rent the Runway’s valuation could hit nearly $1.3 billion.