retail industry

Why the retail industry is facing a bankruptcy wave

Why the retail industry is facing a bankruptcy wave

Revlon makeup products are displayed at a CVS store on August 9, 2018 in Sausalito, California. justin sullivan | fake images The retail industry is facing a possible wave of bankruptcies after a months-long slowdown in restructuring activity. There could be a surge in struggling retailers starting later this year, experts say, as rising prices …

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Franchise Group considers lowering Kohl's bid closer to $50 a share from $60

Franchise Group considers lowering Kohl’s bid closer to $50 a share from $60

People walk near the entrance of Kohl’s department store on June 7, 2022 in Doral, Florida. Kohl’s announced that it has entered into exclusive negotiations with Franchise Group, which is proposing to buy the retailer for $60 per share. Joe Raedle | fake images Retail holding company Franchise Group is considering lowering its offer for …

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Fanatics CEO Michael Rubin selling ownership stake in 76ers, NJ Devils

Fanatics CEO Michael Rubin selling ownership stake in 76ers, NJ Devils

Michael Rubin attends the Fanatics Super Bowl Party on February 12, 2022 in Culver City, California. Shareif Ziyadat | Cinematic Magic | fake images Billionaire Fanatics CEO Michael Rubin announced Wednesday that he will sell his 10% stake in the parent company that owns the Philadelphia 76ers and New Jersey Devils, citing a conflict of …

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Online lottery ticket firm Jackpot gets funding from top sports execs

Online lottery ticket firm Jackpot gets funding from top sports execs

Online lottery ticket company Jackpot announced Wednesday that it closed with $35 million in Series A funding, led by some of the biggest names in sports who see the promising growth potential in digital lottery sales. The cash injection could allow Jackpot to begin rolling out its website and app later this year in select …

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