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$400 Million Funding Round Pushes Wholesale Marketplace Faire’s Value to $12.4B

Retail TouchPoints

Online B2B wholesale marketplace Faire has closed a $400 million Series G funding round, its third in the last year. With this latest round, which pushes the company’s total funding to date above $1 billion , Faire is now valued at $12.4

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BJ’s Wholesale Club Names Interim Leader President and CEO

Retail TouchPoints

BJ’s Wholesale Club has appointed Bob Eddy as the company’s new President and CEO. From 2013 to 2017, he also chaired the Financial Executives Council of the National Retail Federation. Baldwin, Executive Chairman of BJ’s Wholesale Club in a statement. Eddy also will join BJ’s Board of Directors.

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Wholesale Marketplace Faire Expands into Europe

Retail TouchPoints

B2B wholesale marketplace Faire is expanding into Europe with launches in the UK and the Netherlands, with plans to add additional European markets in the coming months. Created by four former Square employees in 2017, Faire was recently valued at $2.5 billion after its latest $170 million Series E funding round.

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RM Williams opens third UK store in Marlow

Inside Retail

RM Williams has opened its third UK store in Marlow, Buckinghamshire, the company’s first store outside Australia since 2017. ” Aside from the physical stores, RM Williams also sells its products through 90 wholesale partners in the UK. Another UK store will open in Cambridge in December.

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How wholesaler Foodbomb is taking its suppliers direct-to-consumer

Inside Retail

Launched in 2017, wholesale platform Foodbomb connects restaurants and cafes with a marketplace of around 160 suppliers, simplifying the ordering process. The post How wholesaler Foodbomb is taking its suppliers direct-to-consumer appeared first on Inside Retail. Now it’s unlikely to turn its D2C offering off.

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Consultants appointed to evaluate Tigerlily sale – report

Inside Retail

The brand was acquired by Crescent Capital in 2017, but fell into voluntary administration in March 2020, largely due to the impact of the Covid-19 pandemic. The brand currently operates 10 retail boutiques across Australia and distributes its products worldwide via 40 wholesale partners.

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Alibaba Separates International and Domestic Commerce Operations, Names New CFO

Retail TouchPoints

Alibaba Group has reorganized its consumer and wholesale commerce divisions and named current Deputy CFO Toby Xu to succeed Maggie Wu as CFO in April 2022. From 2014 to 2017, she was Alibaba’s Chief Customer Officer. The announcements mark the first major management shifts since Alibaba was fined a record-setting $2.75

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