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ModCloth Acquired by Nogin from Go Global - Multichannel Merchant


ModCloth Acquired by Nogin from Go Global
May 7, 2021
Nogin, a company that helps brands improve their performance by providing a host of outsourced services, is doing its first acquisition with ModCloth, a year and a half after it had been acquired by retail investment firm Go Global Retail from Walmart. Terms were not disclosed.
Nogin is keeping about 55 ModCloth employees, and ModCloth CMO Mary Jimenez has been named CEO. Team members in buying, brand, design, merchandising, logistics, tech and development, IT, accounting and HR will be based at Nogin’s Tustin, CA headquarters. ModCloth’s customer service team will remain at its Pittsburgh call center. ....

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Reward offered in Shelton Stop & Shop bank robbery


Reward offered in Shelton Stop & Shop bank robbery
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SHELTON Police are asking for the public’s help identifying a male suspect in a bank robbery inside a Stop & Shop Tuesday morning.
Police said the man was seen entering the Stop & Shop on Bridgeport Avenue around 10 a.m., and approached a teller at the People’s Bank inside the store. The man handed the teller a note “demanding cash and implied that he had a gun,” Shelton police Detective Christopher Nugent said.
The man then ran out to the parking lot and fled in a car, described by police as a newer model orange Hyundai Tucson SUV, Nugent said. ....

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Top ad agency M&A targets for 2021


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Analysts say 2021 will be an active year for ad industry M&A after a pandemic-stricken 2020.
Private equity firms and upstart ad networks like S4 Capital are expected to lead an acquisition spree.
Experts named 8 agencies that are on the market or likely to be targets in 2021.
2020 was a crushing year for ad agencies, with thousands of jobs lost in the US alone.
Marketing and tech industry mergers and acquisitions suffered in turn. Deals were down 19% in volume and 50% by total value, with no blockbuster deals like Publicis $4.4 billion Epsilon buy in 2019. ....

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