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.
Retail
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.
General Atlantic becomes major investor in travel perks platform Plusgrade
The deal values Plusgrade at over $2 billion, according to The Globe and Mail.
R|T: The Retail Times – Temu and Shein’s success = air freighters’ stress
Plus: Shopify’s green strategy gamble, DeliveryHero abandons Foodpanda sale talks.
R|T: The Retail Times – Dax Dasilva returns as Lightspeed CEO, Shopify drops on strong earnings
Plus: Investors fooled by Lyft typo.
ZayZoon, Symend, Peggy named to CIX’s top early-stage, growth startup lists
This is the first edition of the lists since Elevate acquired CIX in September 2023.
Supply chain software company Nulogy receives strategic backing from US private equity firm Rubicon
With Rubicon’s experience and more cash on hand, Nulogy is exploring new ways to scale.
Lightspeed founder Dax Dasilva returns as interim CEO, replacing JP Chauvet
Despite recently beating its fiscal Q3 targets, Lightspeed’s shares have still fallen.
R|T: The Retail Times – Shein seeks China’s green light to IPO
Plus: Shares drop after Lightspeed beats Q3 guidance and Shopify hikes prices.
Unbounce among the latest #CDNtech companies making changes at the top
WeCook, Aifred Health, and Stream Systems have also made leadership changes this month.
Shopify beats Q4 estimates with strong holiday season, but stock still drops
Shopify aims to deliver “compelling mix of growth and profitability” in 2024.