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13.08.25 - 15:06
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Navan Appoints Anré Williams to Board of Directors (Business Wire)
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American Express executive brings decades of financial services experience and business travel expertise to Navan's BoardPALO ALTO, Calif.--(BUSINESS WIRE)--Navan, the leading all-in-one business travel and expense management platform, today announced the appointment of Anré Williams to its Board of Directors, effective immediately. Williams, who most recently served as Chief Executive Officer of American Express National Bank and Group President of Enterprise Services at American Express, brings over 35 years of executive leadership experience and a track record of driving innovation in the financial services and business travel industries. Williams is currently Senior Executive Advisor at American Express.
“Anré's proven leadership across fintech, enterprise technology, and travel uniquely positions him to help drive Navan's commitment to revolutionize business travel and expense management,” said Ariel Cohen, Co-Founder and CEO of Navan. "We look forward to leveraging his expertise as we ...
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08.08.25 - 12:33
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July in Review: 13 Top Consumer Press Releases (PR Newswire)
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A roundup of the most newsworthy consumer and retail announcements from PR Newswire, including a new Rakuten American Express card, the 50th birthday celebration of Miller Lite and a spotlight on National Ice Cream Day. NEW YORK, Aug. 8, 2025 /PRNewswire/ -- With thousands of press......
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05.08.25 - 13:48
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American Express Global Business Travel Reports Q2 Results Ahead of Expectations; Confidence to Raise and Narrow Full-Year 2025 Guidance (Business Wire)
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NEW YORK--(BUSINESS WIRE)--American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSE: GBTG) (“Amex GBT” or the “Company”), a leading software and services company for travel, expense, and meetings & events, today announced financial results for the second quarter ended June 30, 2025.
Second Quarter 2025 Highlights
Delivered Financial Results Ahead of Expectations
Revenue grew 1% year over year to $631 million.
Adjusted EBITDA grew 4% year over year to $133 million, and exceeded $500 million over the last twelve months.
Free Cash Flow generation of $27 million.
Significant Margin Expansion and Efficiency Gains
Adjusted EBITDA margin expansion of 70 bps year over year to 21%.
Flat Adjusted Operating Expenses, with efficiency gains.
Continued Share Gains and Strong Customer Retention
LTM Total New Wins Value of $3.2 billion, including $2.2 billion from SME.
95% LTM customer retention rate.
Raised and Narrowed Full-Year 2025 Guidance
Revenue growth guidance...
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05.08.25 - 09:45
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AI-powered fintech Alaan raises $48M, one of the largest Series A rounds in MENA (TechCrunch)
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When Parthi Duraisamy was a consultant at McKinsey's Dubai office, he discovered that the American Express cards his company relied on for corporate expenses were rarely accepted in the Middle East. This forced Duraisamy to cover significant travel expenses out of pocket and file endless expense reports. “It was a constant pain,” Duraisamy explained on […]...
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29.07.25 - 21:18
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Amex GBT Announces Dismissal of US Department of Justice Lawsuit Challenging CWT Acquisition (Business Wire)
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Transaction Now Expected to Close in Third QuarterNEW YORK--(BUSINESS WIRE)--American Express Global Business Travel which is operated by Global Business Travel Group, Inc. (NYSE: GBTG) (“Amex GBT” or the “Company”), a leading software and services company for travel, expense and meetings & events, today announced that the United States Department of Justice (“DOJ”) has dismissed its complaint challenging Amex GBT's acquisition of CWT, a global business travel and meetings solutions provider.
“We recognize the regulatory approval process has created uncertainty for CWT customers and employees. We're excited to close the transaction and welcome them to Amex GBT. Together, we will offer customers unrivalled choice, value, and experience,” said Amex GBT CEO Paul Abbott.
“We are pleased that the DOJ has come to this conclusion,” said CWT CEO, Patrick Andersen. “Our customers and people have an exciting future ahead of them as we turn our focus to completing the transaction and integrat...
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