Tuesday, May 7th, 2019

HBC Looks at the Possibility of Selling Lord + Taylor
News Release

The Hudson’s Bay Company announced that “it is pursuing strategic alternatives for the Lord + Taylor operating business, including a possible sale or merger”.

The company stated in a press release that it “has been simplifying its organization, strengthening its retail operations and unlocking the value of its real estate” while focusing “on improving its cost structure” and “making strategic investments in technology and digital capabilities, marketing and stores.”

Dropbox Launches a New Service for Less Frequently Accessed Files
Company Blog

The file hosting service announced that it’s launching a new product that lets users store files which are used less frequently, at lower costs.

The company stated that its new cold storage service looks to improve efficiency and reduce disk usage by 25%.

Carta Raises New Funds
Company Blog

The equity management company announced that it raised $300 million in its latest Series E round of funding.

According to the company, “the round was led by Andreessen Horowitz, and also includes Lightspeed Venture Partners and Goldman Sachs Principal Strategic Investments.”

Its latest round of funding values the company at $1.7 billion.