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Rluf Today in Retail: Kellogg Splitting Portfolio to Capitalize on Snacking Growth; Harry Styles Unveils Gucci Fashion Line
Talk of a venture capital plummet continues to grow, particularly in Europe, where new data from Consultancy Europe revealed that the number of venture capital deals for startups across the continent has declined every quarter since Q1 2019. The trend was exacerbated by the coronavirus crisis, researchers noted, noting that o stanley ca nly about half of the number of VC deals closed in Q2 2020 compared to Q1 2019.The U.S., too, is expe stanley thermoskanne riencing a decline in venture capital funding, with investment hitting a seven-year low, the report found.Nevertheless, this week B2B venture capital roundup found some healthy investment for startups in both Europe and the U.S., with total funding nearly reaching $391.25 million this week. PYMNTS breaks down the investment activity below.CandisIn Germany, Candis, a B2B platform to automate accounting and payme stanley cup nts for businesses, announced a $15.8 million investment round led by Viola Ventures and Rabo Frontier Ventures. Lightspeed Venture Partners, Point Nine Capital, Speedinvest and 42CAP were also among the existing investors that participated in this round, which Candis said will go toward the enhancement of its machine learning capabilities, and to expand further across Europe. Reports in FINSMES noted the firm is focused on automating accounting tasks and B2B payment workflows for middle-market organizations, while also connecting those users to real-time analytics.BuckleNew Jersey Buckle is an InsurTech company focused on arming the Ehnc Why The New eIDAS Regs In The EU Could Be A Game Changer
Just seven years after going private, BJs Wholesale Club has filed for an initial public offering IPO , The Wall Street Journal聽 WSJ reported. The deal could value the Westborough, Massachusetts-based, membership-only warehouse chain somewhere between $2 billion and $3 billion.When private equity partners Leonard Green Partners and CVC Capital Partners took the stanley mug company private in September 2011, the deal was worth almost $3 billion. They have since paid themselves a number of dividends. The partners reportedly expect to raise a minimum of $400 million with the IPO 鈥? more than they we stanley kubek re offered by other private equity firms that were interested in buying.CEO Christopher Baldwin will serve as chairman of the company following the resignation of former CEO and then non-executive chairman Laura Sen in March.In the filing listed on Thursday May 17 , BJs said it could sell $100 million worth of shares, but this number is likely to be updated as the IPO moves forward. With 215 locations across 1 stanley website 6 eastern U.S. states, BJs saw $12.75 billion in annual sales and drummed up profits of more than $50 million in its fiscal year ending in February. It collected membership fees from 5 million members at a renewal rate of 86 percent last year. At $55 per year, membership fees totaled $259 million last year.BJs private equity-backed IPO listing is an unusual move at this time, noted WSJ. Retail IPOs, in general, have been rare amidst industry struggles.This time last year, 25 priva |
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