Tuesday, June 5th, 2018

Rue La La WIll Acquire The Gilt Group
Company Press Release
The Wall Street Journal
Fast Company

Rue La La announced in a press release on Monday that it would be acquiring Gilt, a member-based digital shopping business, from Hudson’s Bay Company.

The acquisition will serve over 20 million members with a focus on young, affluent, fashion and brand-conscious consumers.

Rue La La intends to hire more than 150 associates to run the Gilt business in New York, Boston, and Kentucky, as well as other sites across the country.

The transaction is expected to close in July 2018.

McDonald’s Opens a New Global HQ in Chicago
Company Press Release
USA Today

McDonald’s opened a new corporate headquarters in Chicago’s vibrant West Loop neighborhood on Monday, according to a company press release.

The move marks a return to Chicago where the company was headquartered from 1955 to 1971.

The new headquarters will house the flagship Hamburger University location and approximately 2,000 employees.

McDonald’s office space, including Hamburger University, will occupy 490,000 square feet of the building.

Red Bull Rolls Out a Line of Organic Carbonated Drinks in Canada
Company Press Release

Red Bull Canada announced in a company press release on Monday that it launched a new product called ORGANICS by Red Bull.

The new line comes in 4 flavors of organic, carbonated drinks made with natural flavors from plant extracts.

The line will be available in various locations across Canada.

Sun Life Financial Will Acquire Maxwell Health
Company Press Release

According to a company press release, Sun Life Financial announced on Monday that it has acquired Maxwell Health.

Maxwell Health is an employee benefits platform focused on simplifying benefits and HR admin for employers and their employees.

The Boston-based company was founded in 2012 and has 125 employees. Terms of the deal were not disclosed.

Cryptocurrency Platform, Coinbase, Rolls Out a New Office in Japan
Coinbase Blog Post

According to a blog post by Dan Romero the company’s Vice President and GM of Coinbase, the new office will lay the foundation for Japan’s crypto investors to access a range of Coinbase’s products.

Coinbase services will be made available to Japanese customers who will be provided with Japanese language translations while using the service.

Visa Looks to Help European FinTech Companies
Company Press Release

Visa announced in a company press release on Monday two new programs designed to support European FinTechs who are developing the next generation of digital payment solutions.

The new FinTech fast-track program provides rapid onboarding and reduced fees to help early stage start-ups gain access to the capabilities that lie within Visa’s global network.

Visa also rolled out a $100 million European investment program to support the thriving FinTech ecosystem in Europe and grow its investment activity in start-ups.

The FinTech fast-track program will be available in July.

Caesars Entertainment Introduces Exclusive Resort Licensing & Brand Opportunities
Company Press Release

On Monday, the company announced plans to create unique branding and licensing opportunities for 4 of its brands: Caesars Palace, Flamingo, The Cromwell and The LINQ.

The company stated in a press release that the move will allow Caesars and select strategic partners to expand the global reach of these distinct brands into gateway cities around the world.

Howard Schultz Steps Down as Starbucks Executive Chairman
Company Press Release
The New York Times

Starbucks announced on Monday that Howard Schultz will no longer serve as the company’s executive chairman and member of the Board of Directors. He will be honored with the title of chairman emeritus which will be effective June 26, 2018.

According to a company press release, during his four decades as CEO and chairman, Schultz grew Starbucks from 11 stores to more than 28,000 stores in 77 countries.

Under his leadership, Starbucks has delivered a 21,000% gain in the value of its stock price since its initial public offering in 1992.