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Alliance Data will spin off LoyaltyOne, pay down debt

The Columbus-based company says the spinoff of its LoyaltyOne segment should be completed by year-end. The segment is made up of the Canadian Air Miles Reward Program and Netherlands-based BrandLoyalty business. Alliance Data shareholders will receive shares in both companies, and Alliance Data said it will retain a minority ownership stake in the new company. The combined companies have about 8,000 workers. Of that number, about 3,000 are in Columbus. Where the new company will be based or if ...
United States Mark Williams Ralph Andretta Alliance Data Canadian Air Miles Reward Program Alliance Data Systems

Alliance Data to Separate Card Services and Loyalty Businesses

Alliance Data to Separate Card Services and Loyalty Businesses - The Company concludes comprehensive review of strategic alternatives; announces plan for tax-free spinoff of LoyaltyOne® segment with separation expected by year-end 2021 - Transaction expected to strengthen Alliance Datas balance sheet and improve key ratios - Separation consistent with Alliance Datas strategic focus as a leading payment and lending solutions business - Planned spinoff expected to unlock growth potential for Loy...
United States Rachel Stultz Blair Cameron Claudia Mennen Brian Vereb Charles Horn

Alliance Data to Host Virtual Investor Event on May 18, 2021

Alliance Data to Host Virtual Investor Event on May 18, 2021 News provided by Share this article Share this article COLUMBUS, Ohio, May 6, 2021 /PRNewswire/ -- Alliance Data Systems Corporation (NYSE: ADS), a leading provider of data-driven marketing, loyalty and payment solutions, will host a virtual investor event on Tuesday, May 18, 2021, from 9 a.m. to 11:30 a.m. ET. Featuring presentations from Alliance Data President and Chief Executive Officer Ralph Andretta and other members of the exe...
United States Rachel Stultz Brian Vereb Shelley Whiddon Ralph Andretta Alliance Data

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Alliance Data: Q1 Earnings Snapshot

Alliance Data: Q1 Earnings Snapshot April 29, 2021 FacebookTwitterEmail COLUMBUS, Ohio (AP) _ Alliance Data Systems Corp. (ADS) on Thursday reported first-quarter profit of $286.2 million. On a per-share basis, the Columbus, Ohio-based company said it had profit of $5.74. Earnings, adjusted for one-time gains and costs, came to $6.28 per share. The results topped Wall Street expectations. The average estimate of 17 analysts surveyed by Zacks Investment Research was for earnings of $3.23 per sha...
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Source: sfgate.com

Alliance Data's Bread® To Enable Point-of-Sale Lending for Fiserv Merchant Clients

Share this article COLUMBUS, Ohio, April 29, 2021 /PRNewswire/ --  Alliance Data Systems Corporation (NYSE: ADS), a leading provider of data-driven marketing, loyalty and payment solutions, today announced its Bread division, a leading payments technology company that enables seamless checkout experiences for merchants and partners, will provide businesses using merchant acquiring services from Fiserv with access to Breads turnkey point-of-sale lending products, including installment loan an...
United States Rachel Stultz Derek Joyce Brian Vereb Shub Mukherjee Shelley Whiddon

Alliance Data Declares Dividend on Common Stock

Alliance Data Declares Dividend on Common Stock News provided by Share this article Share this article COLUMBUS, Ohio, April 29, 2021 /PRNewswire/ -- Alliance Data Systems Corporation (NYSE: ADS), a leading provider of data-driven marketing, loyalty and payment solutions, today announced that its Board of Directors declared a quarterly cash dividend of $0.21 per share on the Companys common stock, payable on June 18, 2021 to stockholders of record at the close of business on May 14, 2021. Abo...
United States Brian Vereb Shelley Whiddon Alliance Data Alliance Data Systems Corporation Alliance Data Card Services

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