Latest news with #JimMcCarthy
Irish Examiner
03-07-2025
- Business
- Irish Examiner
Urban Outfitters set for September opening as planning to be lodged at former Debenhams site
Urban Outfitters, the go-to store for fashion-forward shoppers, is set to open in Cork City in September, in a boost to the mixed fortunes of the city's main street. Separately, movement is afoot at Debenhams, with a planning application due to be lodged shortly for the redevelopment and reuse of the former Roches Stores at 12-17 St Patrick's Street. For Urban Outfitters, it's the first foray by the US fashion chain into the Cork market. It has just one other Irish store, in Dublin's Temple Bar. The Cork shop will operate out of 101 St Patrick's Street, which has been empty since the 2019 closure of womens-wear store Dorothy Perkins-Evans. The distinctive four-storey bow-fronted building has been redecorated in recent weeks. The deal that brought the US chain to the city centre was put together by Penrose Wharf-based financial advisory firm, Mc2 Accountants, which owns the 6,000 sq ft building. Building has been empty since the 2019 closure of womens-wear store Dorothy Perkins-Evans. Picture: Eddie O'Hare 'We are delighted to announce that we have agreed terms with Urban Outfitters for 101 Patrick's St, and they hope to be occupying the premises by the end of September,' said Jim McCarthy, a partner at Mc2. At one stage, the building was on the market with letting agents Savills, featuring a rent of €230,000pa. However it was bought from its investor owner by MC2 for a sum thought to be between €1-€2m. Urban Outfitters are the latest in a number of well-known clothing retail brands to set up shop on 'Pana', which suffered badly during the pandemic, particularly with the closure — ongoing — of flagship store, Debenhams. However it is understood a planning application will shortly by lodged in respect of Debenhams that will seek to reinvigorate key frontage onto St Patrick's Street and Maylor St. The phased development will take place across two blocks, A and B, with four individual units, located within Block A, forming part of the upcoming planning application. Three of these retail units will be entered from St Patrick's Street and one from Maylor Street. Proposals for the remainder of the former department store, including the service yard to the rear and the properties of 38-40 Maylor Street, will form part of a separate, later application. It is understood a planning application will shortly by lodged in respect of Debenhams that will seek to reinvigorate key frontage onto St Patrick's Street and Maylor St. St Patrick's Street , Cork City. Picture: Larry Cummins. It's good news for St Patrick's Street where fortunes have improved in the past two years, with the arrival of Spanish fashion retail giant Mango —in the former Quills store, which had been vacant since 2010 — and more recently the arrival of Seasalt Cornwall, who took over the former French Connection store at No 86. Other relative newbies include fashion retailer Flannels at the former Eason store; JD Sport in the former A-Wear store; outdoor wear specialists North Face; UK footwear retailer Dune; fashion jewellers Lovisa at the former Game Stop shop on the corner of Princes St; Carrolls Irish gift shop (formerly Oasis); and jewellery sellers Neve/Diamond Direct, at No 22, the former Cudmore's, under the banner of Austen & Blake. Opera Lane, where women's fashion store New Look recently closed, has new tenants too, including Mountain Warehouse, who took over the lease at the long-vacant Topman. Urban Outfitters, across the road from due-to-expand Penneys, promises to cater to 'trend-aware tastemakers and aspirational teens'. The chain offers clothing, home goods and accessories for men and women.
Finextra
01-07-2025
- Business
- Finextra
Thredd opens new office in Austin, texas
Thredd, the leading next-generation global payments processor, today announced the opening of its new office in Austin, Texas, marking the latest milestone for the company's ongoing global expansion and reaffirming their long-term commitment to clients across the Americas. 0 The new office will serve as a central and strategic hub to support Thredd's operations across the Americas, enabling deeper support for the company's growing network of clients and partners throughout the region. The expansion builds on Thredd's existing presence in the region and comes at a time of growing demand from global payment leaders looking to scale across the Americas. 'This move is not just about supporting clients in the U.S.—it's about anchoring our presence across the Americas,' said Jim McCarthy, CEO of Thredd. 'With executive leadership already in place within the market, and demand continuing to grow across the region, the Austin office enables us to deliver faster, more localised support to our clients, wherever they are scaling.' Key executive team members are already firmly rooted in the U.S., with the company's Chief Revenue Officer, Chief Financial Officer, Chief Product Officer, and Chief Client Officer all based in-market. The new office brings these executives closer to the clients and partners they serve, while accelerating programme success across the region. The US office marks the next logical step in Thredd's investment within the region and will serve as a central point for innovation, collaboration, and client engagement across the broader region. The move follows a series of key wins and new partnerships which help mature fintechs from Europe and Asia Pacific expand into the Americas with seamless, compliant payment programmes. Thredd's expansion into the Americas builds on its global momentum. The company supports hundreds of clients across the globe, specialising in supporting global fintechs as they enter new markets and navigate cross-border compliance, localisation, and scaling sustainability. The new Austin headquarters will serve as a client engagement centre and anchor for clients investing in growth across the North American market.
Finextra
28-05-2025
- Business
- Finextra
Transcard taps Thredd's global issuance and partner network
Transcard announces a strategic partnership with Thredd to support the rapid global expansion of the SMART Suite, a fully embedded and automated AI payment orchestration platform. 0 Now live in Canada and soon in the UK, the partnership expands payment method optionality for customers and recipients for both B2B and B2C applications offering virtual cards. 'Many of our multi-national customers want the same end user experience in other countries as we provide in the US. Thredd's global issuance and partner network allows us to enhance the number of payment methods available on greatly accelerated timelines,' said Greg Bloh, Transcard CEO. 'As we enter new markets, it is important to understand the unique requirements of each country and having Thredd as a global partner helps us meet localization requirements much more efficiently.' 'We're excited to partner with Transcard to help power their global ambitions,' said Jim McCarthy, CEO of Thredd. 'Innovation is the lifeblood of any payments business, and Transcard's SMART Suite is a great example of how an embedded payment solution can deliver real value. Together, we'll support Transcard's expansion plans and enable seamless, localized payment experiences that scale across borders.' The partnership unlocks a wide range of use cases across B2B, B2C, and BNPL (Buy Now, Pay Later) segments. Businesses can issue virtual cards for supplier payments, employee reimbursements, and gig economy payouts, while consumers benefit from faster disbursements and more flexible payment options. In BNPL scenarios, virtual cards can be dynamically issued, enabling instant financing and streamlined settlement. Transcard's SMART Suite is enabled to support various payment methods while providing optionality for customers and recipients alike. The payment orchestration platform delivers a seamless payment experience and enables users across industries to collaborate and share payment information with ease. The solution set agnostically embeds within a customer's ERP or core system and connects to existing bank accounts supporting payment orchestration for businesses of all sizes. Features include disbursements, receivables, account-to-account payments, cross-border payments, AI insights, and supply chain financing. Transcard announced their expansion into Canada earlier this year and last year was authorized as a payment institution in the United Kingdom.
