Boutique

Electric motorcycle startup Cake filed for bankruptcy February 1, CEO Stefan Ytterborn has confirmed to TechCrunch. The Swedish company was in the middle of a funding round, just prior to the filing, but apparently the withdrawal of an investor was what tipped the company over the edge, according to Swedish media reports. Ytterborn declined to comment on what will happen next. While it’s unclear if Cake filed for bankruptcy protection or insolvency, Ytterborn did tell media outlet Dagens…

In an effort to strengthen its foothold in Silicon Valley’s tech, media and telecom market, the Raine Group has acquired Code Advisors, the boutique bank specializing in tech and media capital raising and M&A. Announced Wednesday, the acquisition will see the global merchant bank – which itself focuses exclusively on investing in and advising tech, media and telecom companies – tapping Code Advisors co-founders Quincy Smith and Michael Marquez joining its team as partner and special adviser. “We built…

A Portland, Ore.-based hospitality firm has reached an agreement to acquire Ace Group International, the operator of a quirky but influential hotel chain known for its cafes, in-house DJs and reclaimed furniture scattered throughout its lobbies.  Sortis Holdings Inc. has agreed to pay $85 million in an all-cash transaction for the Ace brand and its hotel management company, according to Sortis Holdings Executive Chairman Paul Brenneke.…

Hilton Worldwide Holdings Inc. has tapped a major development project in Manhattan’s Times Square to debut a boutique hotel brand, another sign the entertainment district is bouncing back after languishing for much of the pandemic.The hotel, which will be the first under the new Tempo by Hilton flag, will feature 661 rooms when it opens next year. It is part of TSX Broadway, a $2.5 billion, 550,000-square-foot tower located next to Times Square’s red bleachers and the TKTS discount-tickets…

The motorcycle-inspired curvy carbon fiber frame and five-spoke carbon wheels of the Noordung ebike launched at Eurobike 2022 this week certainly make it an eye-catching ride, but what really makes this model stand out is the "fuel tank" mounted to the top tube, which hosts the battery pack, air quality monitors and built-in speakers."At Noordung, we believe that one should always enjoy the journey," reads the German startup's Eurobike 2022 press release. "And what a journey it has been. Years of devoted thought…

After an eight year hiatus, German boutique automaker Wiesmann has returned to the world of luxury sports cars, beginning with a new roadster EV convertible called “Project Thunderball.” While the first all-electric vehicle from Wiesmann remains a prototype, the automaker tells us it’s an advanced one that is already on sale. Check out some of its specs below. Wiesmann GmbH is a custom, hand-built automaker that specializes in luxury convertibles and coupes. The company was founded in 1988 by Wiesmann brothers…