Remove eCommerce Remove Restructuring Remove Securities
article thumbnail

Stripe Says SCA Puts Billions Of Online Sales At Risk

PYMNTS

Amazon , Worldpay , and Stripe — the eCommerce and payment companies — are expressing concern that a lack of preparedness by the industry to new EU security regulations could put billions of dollars of eCommerce purchases at risk. Candidly, the state of readiness is poor.”

Sales 66
article thumbnail

Chinese Officials Join US Politicians In Suddenly Falling Out Of Love With Big Tech 

PYMNTS

Published reports indicate that China’s central bank and banking, securities and foreign-exchange regulators summoned Ant Group executives this past weekend to discuss official concerns about the firm. Will Chinese Authorities Force Ant To Restructure? . As such, Yu believes Ant could require a restructuring to defuse systemic risk.

Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

Half Of Mall Department Stores Expected To Close By Next Year

PYMNTS

Long before the coronavirus struck, brick-and-mortar stores faced extinction by a combination of eCommerce and bankruptcies. Bloomberg reported Tennessee-based CBL Properties, which owns 68 enclosed, outlet and open-air retail malls, is seeking advice on strategic and financing options, including restructuring.

article thumbnail

Bebe To Shutter 21 Store Locations

PYMNTS

High-end retailer Bebe is expecting some major changes as it looks to restructure its business. The closure of roughly 12 percent of Bebe’s outlets is only fueling rumors that the retailer will eventually shut down all of its physical locations for a pure play eCommerce focus.

article thumbnail

Suppliers Are Unhappy With Toys R Us’ Bankruptcy Proceedings

PYMNTS

The retailer could conceivably sell the inventory and use the money to pay bankruptcy lawyers as well as secured lenders. after failing to restructure its debt or find a buyer, Reuters reported. Competition from eCommerce retailers such as Amazon and discount stores such as Walmart hasn’t helped the company either.

article thumbnail

The Limited Brand’s Days Could Be Limited

PYMNTS

According to Bloomberg , the brand pulled in Kirkland & Ellis to be its legal adviser and Guggenheim Securities and RAS Management Advisors for help with a debt restructuring and any asset sale. The company, however, hasn’t yet stated if layoffs have started, but the action was anticipated to occur at the beginning of December.

article thumbnail

Toys“R”Us Locks Down $3.1 Billion In Financing

PYMNTS

Toys“R”Us has just managed to secure $3.1 The retailer has also announced its plans to level up its eCommerce efforts “to better reflect its brand, promote the hottest toys and provide improved delivery capabilities so Toys“R”Us can effectively compete in the online shopping space,” the article said.

Finance 46