Klarna valued at $11bn after fresh fundraising round September 15, 2020 Swedish fintech Klarna is the highest-valued private fintech in Europe after a fresh funding round valued the group at $11bn (£8.54bn). The “buy now pay later” group secured $650m (£504.6m) in an equity funding round led by investment firm Silver Lake alongside Singapore’s sovereign wealth fund GIC and Blackrock. Concurrently, Merian Chrysalis, TCV, Northzone and [...]
Tiffany wins expedited trial over LVMH’s bid to ditch $16bn takeover September 22, 2020 Tiffany & Co has won a motion to fast-track its lawsuit over LVMH’s bid to abandon a $16.6bn (£12.9bn) takeover of the US jeweller. Tiffany earlier this month sought legal action against luxury goods firm LVMH after the Paris-based company said the takeover deal was “no longer possible”. LVMH, which is owned by French billionaire [...]
Four Silicon Valley CAs on why its status as the world’s tech capital will remain unchallenged November 16, 2021 The pandemic saw many tech companies thrive as the world went more virtual. Despite talk of a drift away from Silicon Valley, local CAs tell Ryan Herman why its status as the world’s tech capital will remain unchallenged. This article first appeared in ICAS’s CA magazine. For Ninos Sarkis CA, there was only one place [...]
CoinCorner launches UK ‘Bitcoin cashback’ initiative June 8, 2020 One of the UK’s leading Bitcoin exchanges, CoinCorner, has launched a new ‘Bitcoin cashback’ service to reward customers when they shop online. CoinCorner has partnered with more than 400 top retailers to launch the first-of-its-kind service in the UK. Some of those who have partnered with the exchange include household names such as Burtn, Twinings, [...]
Facebook Workplace takes on Zoom with video call rival during lockdown May 21, 2020 Caught out by the sudden success of Zoom as the world entered coronavirus lockdown, Facebook has introduced its own video conferencing tool on Workplace. The social network’s B2B business has seen its own jump in user numbers this year, as paid customers rose from 3m six months ago to 5m in March. By then coronavirus [...]
Sir Martin Sorrell’s S4 Capital ready to compete ‘at the highest levels’ after confirming Mightyhive takeover December 24, 2018 Sir Martin Sorrell’s new company S4 Capital has completed a merger with US advertising group Mightyhive and is now “in a position to compete at the highest levels.” The company announced the closing of the merger today and welcomed three new board members, Mightyhive principals Pete Kim and Chris Martin and Stanhope chief executive Daniel [...]
Sorrell’s S4 Capital says talks to buy ad firm Mightyhive are now ‘advanced’ December 3, 2018 Sir Martin Sorrell’s new company S4 Capital has confirmed it is now in advanced talks to buy Mightyhive, a programmatic advertising group based in San Francisco. S4 plans to integrate the firm as part of its drive to form a new business combining media and technology. It already confirmed talks were taking place last month, [...]
Do brands benefit by using AI Systems? June 13, 2018 Artificial intelligence is becoming one of the most popular topics among brands and marketers. This is because it is proven to make everyone’s life easier. Brands have chunks of data they need to process and make the best out of them, and AI proved to be very helpful with such tasks. Most people tend to [...]
Summer splurge success: Here’s how far JC Penney’s sales increased in the second quarter August 12, 2016 American department store JC Penney announced a sales increase in the second quarter and improved margins. Sales increased by 2.2 per cent; the best performing departments were home, footwear, handbags and the beauty store Sephora. The company was most successful in the Ohio Valley and the Pacific. Gross margin was up 37.1 per cent for the [...]
Pinpointing the potential of geolocation strategies November 1, 2015 Location-based targeting has become a real asset for mobile marketers. Unlike on desktop, cookies have never been a reliable way of tracking and optimising mobile campaigns. Dependent on the device itself, the environment and how the user splits their usage between the mobile web and apps, marketers have relied on log-ins, app software development kits [...]