Tag

Clover

All articles tagged with #clover

business25 days ago•40 min saved

Fiserv appoints Takis Georgakopoulos as CEO amid leadership shakeup

Fiserv named co-president Takis Georgakopoulos as chief executive after Mike Lyons resigned to return to banking, capping a turbulent 13 months and a broad leadership reorganization. Lyons had launched a transition year with weaker results and investor scrutiny, while Georgakopoulos—long known in payments and banking—signals a push to modernize the Clover platform and stabilize the company amid activist pressure from Jana Partners. Lyons will become CEO of Truist Financial on Sept. 1, and Fiserv faces continued scrutiny as its stock has fallen sharply while it charts a new course.

via Payments Dive|

#business #clover #fiserv

business1 month ago•1 min saved

Mystery Investor Revives Clover, Reopening a Few Veg Eateries

A Boston-area vegan chain Clover plans to reopen a limited number of its 12 locations for lunch after a mystery investor provided funds to avert permanent closure, with inflationary costs cited as a challenge; which stores will return and the menu are still being decided by CEO Julia Wrin Piper.

via The Boston Globe|

#boston #business #clover

business1 month ago•4 min saved

Clover Returns: Vegetarian chain reopens Boston and Cambridge after outcry

Clover, the vegetarian chain that seemed to close last week, is back: Boston and Cambridge locations will reopen for lunch on June 9 and breakfast on June 10 after overwhelming public support, with the owners pledging to keep the Clover experience and local-sourcing ethos; a Globe report notes an anonymous investor backing the revival, though some stores may still shutter.

via Universal Hub|

#boston #business #cambridge

business1 month ago•1 min saved

Boston Veggie Chain Clover to Close After 17 Years

Clover, a Boston-area chain known for vegetarian dishes and locally sourced ingredients, will close after more than 17 years, with about 170 jobs to be lost as inflation-driven higher costs and reduced customer spending undermine the business.

via The Boston Globe|

#boston-area #business #clover

business8 months ago•7 min saved

Fiserv Faces Worst Day Ever Amid Client Revolt and Leadership Changes

Fiserv's stock plummeted 44%, wiping out $30 billion in market value, after CEO Mike Lyons announced a rollback of fee hikes on Clover, its flagship point-of-sale system, due to customer dissatisfaction and a review revealing management missteps and overpromising growth, highlighting the risks even established fintech companies face from management discipline and customer demand.

via Bloomberg.com|

#business #client-revolt #clover

business11 months ago•2 min saved

Fiserv Faces Multiple Lawsuits Over Clover Growth and Investor Misinformation

Fiserv faces a class action lawsuit alleging it misled investors about the growth of its Clover platform by hiding slowdowns and forcing merchant conversions, leading to significant stock declines and ongoing legal and financial scrutiny.

via TipRanks|

#business #clover #fiserv

business11 months ago•2 min saved

Fiserv Faces Multiple Lawsuits Over Clover Migration and Investor Misleading

Fiserv is sued for allegedly forcing merchants to migrate to its Clover POS system and misleading investors about its growth, concealing a slowdown in new merchant sign-ups and losing merchants to competitors. The lawsuit claims Fiserv inflated its growth figures through forced migrations and false statements, leading to a decline in stock value. Fiserv disputes the allegations and plans to defend itself.

via Payments Dive|

#business #clover #fiserv