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Russian e-commerce platform Ozon acquires Oney Bank 5 hours ago
Source: Ozon Ozon Holdings PLC (NASDAQ and MOEX: “OZON”, thereafter referred to as “Ozon” or the “Company”), a leading Russian e-commerce platform, announces that Ozon has entered into a sale and purchase agreement to acquire Oney Bank LLC. Transaction Financing
Ozon entered into a sale and purchase agreement, dated April 12, 2021, to acquire 100% of the charter capital of Oney Bank LLC from Sovcombank. The total consideration will be determined at closing and is subject to price adjustments based on the asset value of the acquired company as of the closing date. The total consideration for the transaction is payable in cash and is not expected to exceed $10.0 million. The transaction is subject to regulatory ap
GameStop is reportedly on the hunt for a new chief executive officer.
Three anonymous sources close to the matter told Reuters that the US retailer has started looking for a new CEO as it seeks to transition from a traditional brick-and-mortar business model to a more digital-driven retail company.
GameStop s board is reportedly working with an executive headhunter to find a CEO and has been in touch with potential candidates already, coming from the games industry, but also e-commerce and tech.
The retailer s current CEO, George Sherman, joined in April 2019, taking over from Shane Kim who was interim CEO for a little under a year.
External | what does this mean?
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
VTB to set up blockchain centre of excellence 13 April 2021
Source: VTB Bank VTB Bank, together with other members of the Russian Fintech Association, has become the founder of a blockchain operator that will develop distributed ledger technology in Russia. The bank will establish a centre of excellence for the use of blockchain technology in the financial sector, with plans to create new business models using blockchain to develop services for retail customers and businesses.
A struggling 261-year-old U.K. toy-store chain is seeking a new lease of life in the hands of billionaire Mukesh Ambani, who’s looking to India where about a fifth of the world’s babies are born to fuel its revival. Hamleys, a British retail icon that hasn’t made a profit for a number of years, plans to quadruple its outlets in the former British colony to more than 500 in three years despite the pandemic, according to Darshan Mehta, chief executive officer of Ambani’s Reliance Brands Ltd. Besides the main growth market, the company is also adding stores from Europe to South Africa and China, he said in an interview.
The European Association for Secure Transactions (East) has just published a European Payment Terminal Crime Report covering 2020 which shows that terminal related fraud attacks have dropped significantly during the Covid-19 pandemic.