article thumbnail

Why Ecommerce Platform ContextLogic Shares Are Rocketing Today

Benzinga

ContextLogic Inc (NASDAQ: WISH ) shares are rocketing today after the company planned to sell substantially all of its operating assets and liabilities related to its Wish ecommerce platform for about $173 million. The purchase price represents $6.50

article thumbnail

Online retailer Mytheresa among suitors for Yoox Net-a-Porter

Financial Times M&A

Private equity firms Bain Capital and Permira also interested in lossmaking ecommerce business owned by Richemont

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Shift and CarLotz Agree To Merge, Creating a Differentiated Used Auto Ecommerce Retailer

Benzinga

NASDAQ: SFT ), a leading end-to-end ecommerce platform for buying and selling used cars, and CarLotz, Inc. Based on the expected exchange ratio, upon the closing of the merger Shift's then-current equity holders will own approximately 52.9% SAN FRANCISCO and RICHMOND, Va., 09, 2022 (GLOBE NEWSWIRE) -- Shift Technologies, Inc.

article thumbnail

Shift and CarLotz Agree To Merge, Creating a Differentiated Used-Auto Ecommerce Retailer

Benzinga

NASDAQ: SFT ), a leading end-to-end ecommerce platform for buying and selling used cars, and CarLotz, Inc. Based on the expected exchange ratio, upon the closing of the merger Shift's then-current equity holders will own approximately 52.9% SAN FRANCISCO and RICHMOND, Va., 09, 2022 (GLOBE NEWSWIRE) -- Shift Technologies, Inc.

article thumbnail

Big Moves In Logistics: GXO Acquires PFSweb For $181M To Expand Its Luxury & Cosmetics Offerings

Benzinga

Logistics company GXO Logistics Inc (NYSE: GXO ) has entered into a definitive agreement to acquire eCommerce order fulfillment provider PFSweb Inc (NASDAQ: PFSW ) for $7.50 per share in cash, representing an equity value of approximately $181 million.

article thumbnail

FRP Corporate Finance advises on £25m Fresh Relevance sale

Accountancy Today

FRP Corporate Finance has announced its team has advised management and private equity investment manager Foresight Group LLP on its sale of e-commerce personalisation platform, Fresh Relevance for £25m.

article thumbnail

Walmart Q4 Earnings: Revenue And EPS Surprise, Dividend Hike, VIZIO Buyout And More

Benzinga

comp sales (ex-fuel) grew by 4.0%, with growth in eCommerce of 17%, led by pickup & delivery. Net sales from Walmart U.S. increased 3.4% Y/Y, Walmart International rose 17.6%, and Sam’s Club U.S. was up 2.0%. Walmart’s total U.S. Walmart U.S. Operating income rose 12.9% billion, and the margin expanded by 44 bps to 5.2%.