R|T: The Retail Times – Lightspeed makes first cuts since Dax Dasilva’s return
Plus: Nuvei to officially go private in $6.3B deal.
Retail
Major Canadian retailers choose Rivercity Innovations to keep things fresh with cold chain monitoring solution
Healthy Planet, Skip Express Lane latest editions to client base spanning US, Canada, and Spain.
R|T: The Retail Times – Why women in retail are leaving CEO positions
Plus: Lightspeed CEO muses about privatization; Giant Tiger’s cyberattack.
Lightspeed reduces staff by 10 percent in suite of cost-cutting steps following Dax Dasilva’s return
Layoffs part of company’s reorganization strategy following a disappointing response to Q3 earnings.
Tofu nets $1.2 million to fast-track hiring for tech startups
Company’s backers include Night Capital, Garage Capital, Wayfinder Ventures, Ritual Capital.
R|T: The Retail Times – Tobi Lutke granted a nine-figure Shopify compensation package
Plus: Sonder faces class action, Busbud continues LATAM push.
R|T: The Retail Times – Loblaw is an everything company, and it isn’t done
Plus: Plenty of Fish founder Markus Frind catches new CEO gig.
Busbud continues Latin American expansion with acquisition of Buson
Busbud says it now has over 600 partnerships with bus operators in LATAM.
Sonder faces class action investigation after delaying financial results due to errors in past statements
Company said correcting the errors will increase its net loss for 2022 and 2023.
Nuvei stock rises as company confirms discussions following report of potential buyout
Nuvei has formed a special committee to evaluate “expressions of interest” the company has seen.
R|T: The Retail Times – Life House CEO departs following mismanagement accusations
Plus: Travel perks platform Plusgrade gets a new major investor.
Majority owner Markus Frind named permanent CEO of Cymax Group
The Plenty of Fish founder first invested in Cymax in 2015.
MDF Commerce to go private in $255-million acquisition by New York-based KKR
The deal’s price tag is a premium on its recent TSX close yet well below its peak value.
Ziing acquires Metroland Parcel Services from TorStar
Ziing looks to expand its Canadian delivery network with second acquisition this year.
R|T: The Retail Times – Thrasio raised $3 billion. Now it’s filing for bankruptcy.
Plus: US resistance has Shein eyeing UK to IPO.