Across-the-pond acquisitions: Descartes acquires ASD, HR Path acquires GroupeX
Descartes continues its acquisition spree while GroupeX joins HR Path’s growing Canadian portfolio.
Retail
R|T: The Retail Times – StubHub plans to test IPO market this summer
Plus: Meet Kas, Avidbots’ new cleaning robot for retail spaces.
Shein’s Canadian delivery partner UniUni secures nearly $70 million CAD
The last-mile service secured just over $45 million CAD in Series B funding last year.
Pinterest is on a Toronto hiring spree to scoop up AI talent
CTO Jeremy King says company aims to use AI and ML to make Pinterest more “shoppable.”
Avidbots launches Kas, a smaller cleaning robot targeting new markets
Avidbots has slimmed down for hot bot summer.
R|T: The Retail Times – Lightspeed makes first cuts since Dax Dasilva’s return
Plus: Nuvei to officially go private in $6.3B deal.
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.