AIR MILES

Loyalty Ventures Inc, qui s'occupe du programme de fidélité Air Miles, s'apprête à déclarer faillite, a rapporté jeudi la firme Bloomberg.

Jusqu’au 22 mars, vous pouvez échanger vos points Air Miles. «Allez chez IGA. Loyalty Ventures Inc, qui s’occupe du programme de fidélité Air Miles, s’apprête à déclarer faillite, a rapporté jeudi la firme Bloomberg.

L'entreprise responsable du programme de fidélité Air Miles, Loyalty Ventures, se prépare à se placer sous la protection contre la faillite dans les ...

Selon le site Selon le média

Le scénario de la faillite d'Air Miles semblait tiré par les cheveux lorsqu'il a été évoqué l'automne dernier, tant sa carte bleue fait partie de nos vies ...

Arrivé dans le paysage canadien en 1992, le programme de récompense est devenu l’un des plus connus et des plus populaires au pays. Les milles Rêves peuvent, quant à eux, être échangés contre des biens comme une cafetière, des valises ou une robe de chambre. Tellement vite, en fait, que le site spécialisé dans les programmes de fidélisation Milesopedia suggère à ses lecteurs de dépenser leurs milles Argent et Rêves dans les plus brefs délais. Des personnes au fait de sa situation financière préoccupante ont dévoilé que des négociations étaient en cours avec les créanciers en vue d’une restructuration. Au Québec, vous pouvez encore échanger vos récompenses Argent dans les IGA et les Rachelle-Béry (jusqu’au 22 mars), les Jean Coutu et les stations-service Shell. Le scénario de la faillite d’Air Miles semblait tiré par les cheveux lorsqu’il a été évoqué l’automne dernier, tant sa carte bleue fait partie de nos vies depuis longtemps.

C'est ce qu'a annoncé vendredi la banque, dans un communiqué, quelques heures après des rumeurs de faillite. En effet, l'acquisition des activités du programme ...

Ce dernier a promis de ramener la propriété du programme au Canada et de renforcer l’offre pour les consommateurs et les entreprises du Canada. «En tant que partenaire de longue date d'Air Miles, l'acquisition par BMO constituerait une étape importante pour solidifier l'avenir du programme Air Miles», a expliqué Shawn Stewart, président du Programme de récompense Air Miles, précisant qu’il n'y a aucune incidence sur les soldes des milles de récompense des adhérents Air Miles ou sur la capacité des adhérents à accumuler et à échanger des milles de récompense Air Miles. En effet, l'acquisition des activités du programme Air Miles par BMO a été proposée dans le cadre de la procédure de LoyaltyOne en vertu de la Loi sur les arrangements avec les créanciers des compagnies (Canada) entamée devant la Cour supérieure de justice de l'Ontario, a-t-on appris.

BMO confirme l'acquisition des activités du programme de récompense Air Miles qui appartient à LoyaltyOne.

• À lire aussi:

Photo: Olivier Zuida Archives Le Devoir Les adhérents Air Miles obtiennent des récompenses auprès de plus de 300 des grandes marques canadiennes, internationale ...

BMO est un partenaire du programme Air Miles depuis 1992. La convention d’achat conclue entre LoyaltyOne et BMO pour les activités d’Air Miles est assujettie à l’approbation d’un tribunal et à l’obtention des approbations réglementaires requises, notamment. BMO achète les activités du programme Air Miles

Groupe financier BMO annonce vendredi une convention d'achat en vue de l'acquisition du programme de fidélisation Air Miles.

La convention d’achat conclue entre LoyaltyOne et BMO pour les activités d’Air Miles est assujettie à l’approbation d’un tribunal et à l’obtention des approbations réglementaires requises, notamment. Ernie Johannson, chef des Services bancaires Particuliers et entreprises Amérique du Nord chez BMO, signale que si l’institution réussit à acquérir les activités d’Air Miles, elle ramènera la propriété d’Air Miles au Canada et renforcera son offre pour les consommateurs et les entreprises du Canada. BMO est un partenaire du programme Air Miles depuis 1992.

BMO Financial Group announced a deal Friday to acquire the Air Miles loyalty rewards program from LoyaltyOne Co.

“BMO's agreement to purchase the Air Miles business has no impact on Air Miles collectors' reward miles balances or on collectors' ability to collect and redeem Air Miles reward miles,” Stewart said in a statement. Air Miles president Shawn Stewart called the deal a significant step forward in solidifying the future of the Air Miles program. TORONTO - BMO Financial Group announced a deal Friday to acquire the Air Miles loyalty rewards program from LoyaltyOne Co.

CNW/ - BMO (TSX: BMO) (NYSE: BMO) and LoyaltyOne, Co. (LoyaltyOne), a subsidiary of Loyalty Ventures Inc. (LVI) (NASDAQ: LYLT) today announced the signing ...

Forward-looking statements give LVI's expectations or forecasts of future events and can generally be identified by the use of words such as "believe," "expect," "anticipate," "estimate," "intend," "project," "plan," "likely," "may," "should" or other words or phrases of similar import. Forward-looking statements speak only as of the date made, and LVI undertakes no obligation, other than as required by applicable law, to update or revise any forward-looking statements, whether as a result of new information, subsequent events, anticipated or unanticipated circumstances or otherwise. This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The AIR MILES Reward Program gives collectors the flexibility and choice to use Reward Miles on aspirational rewards such as merchandise, travel, events, and attractions, or instantly on everyday essentials, in-store or online, through AIR MILES Cash at participating partner locations. We do not undertake to update any forward-looking statements, whether written or oral, that may be made from time to time by the organization or on its behalf, except as required by law. For BMO customers and all AIR MILES collecting Canadians, as well as merchants and partners across the country, BMO's acquisition of AIR MILES would be a made-in-Canada opportunity to enable a reinvigoration for one of Canada's largest loyalty programs. Investors and others should carefully consider these factors and risks, as well as other uncertainties and potential events, and the inherent uncertainty of forward-looking statements. "As AIR MILES' longstanding partner, BMO's acquisition would be a significant step forward in solidifying the future of the AIR MILES program," said Shawn Stewart, President, AIR MILES Reward Program. There is significant risk that predictions, forecasts, conclusions or projections will not prove to be accurate, that our assumptions may not be correct, and that actual results may differ materially from such predictions, forecasts, conclusions or projections. As a founding partner of the AIR MILES program since 1992, BMO is well positioned to strengthen and grow Canada's most recognized loyalty program. "As a leading partner, we have always believed in the value of the AIR MILES program for Canadians and are confident about the continued opportunities to build even greater customer loyalty," said Ernie Johannson, Group Head, North American Personal & Business Banking, BMO. LoyaltyOne's CCAA proceeding will also involve a sale and investment solicitation process to solicit any other interest in the AIR MILES business.

The BMO deal for Air Miles has been proposed as part of LoyaltyOne's proceeding under the Companies' Creditors Arrangement Act in Canada. The process will ...

Air Miles president Shawn Stewart called the deal a significant step forward in solidifying the future of the Air Miles program. BMO Financial Group announced a deal Friday to acquire the Air Miles loyalty rewards program from LoyaltyOne Co. BMO Financial Group signs deal to acquire Air Miles loyalty rewards program

BMO (TSX: BMO) has entered an arrangement to acquire the popular Air Miles Reward program from that of a subsidiary of Loyalty Ventures (NASDAQ: LYLT).

The author has no securities or affiliations related to the organizations discussed. BMO has agreed to acquire Canada’s largest loyalty rewards program via a bid under the Companies Creditors Arrangement Act, which LoyaltyOne, the Canadian subsidiary of Loyalty Ventures, concurrently filed for protection under. The deal was announced concurrently this morning with the news that Loyalty Ventures and its subsidiaries have filed for chapter 11 bankruptcy protection in the US.

BMO announced plans Friday to take over one of Canada's largest loyalty programs. The company has signed a purchase agreement with LoyaltyOne to acquire Air ...

“As Air Miles’ longstanding partner, BMO’s acquisition would be a significant step forward in solidifying the future of the Air Miles program,” said Shawn Stewart, president of the Air Miles Reward Program. BMO said as a founding partner of Air Miles, it is well position to strengthen and grow the program, which has nearly 10 million active collector accounts. Officials said the deal, which has not been approved, would accelerate the future growth of the Air Miles program.

BMO Financial Group has signed a deal to acquire the Air Miles rewards program from LoyaltyOne Co., which has gone into bankruptcy protection.

Then the company [reversed that decision](https://www.cbc.ca/news/business/air-miles-rewards-program-apology-1.4003988), which [led to more upset](https://www.cbc.ca/news/business/air-miles-rewards-expiry-1.3878443). [unused points would expire](https://www.cbc.ca/news/business/air-miles-gift-cards-collectors-1.3826043). Bankruptcy Code and the Company Creditors' Arrangement Act in Canada, LoyaltyOne will undergo a sale process, one that could see a buyer other than BMO emerge with a better offer. At the end of 2021, the company's shares were worth more than $700 million US, but by the end of its most recently completed quarter, that had fallen to just $29 million. parent company, LoyaltyVentures, is seeking court protection from its creditors in the U.S. The transaction is happening because Air Miles' U.S.

C'est ce qu'a annoncé vendredi la banque, dans un communiqué, quelques heures après des rumeurs de faillite. En effet, l'acquisition des activités du programme ...

Ce dernier a promis de ramener la propriété du programme au Canada et de renforcer l’offre pour les consommateurs et les entreprises du Canada. «En tant que partenaire de longue date d'Air Miles, l'acquisition par BMO constituerait une étape importante pour solidifier l'avenir du programme Air Miles», a expliqué Shawn Stewart, président du Programme de récompense Air Miles, précisant qu’il n'y a aucune incidence sur les soldes des milles de récompense des adhérents Air Miles ou sur la capacité des adhérents à accumuler et à échanger des milles de récompense Air Miles. En effet, l'acquisition des activités du programme Air Miles par BMO a été proposée dans le cadre de la procédure de LoyaltyOne en vertu de la Loi sur les arrangements avec les créanciers des compagnies (Canada) entamée devant la Cour supérieure de justice de l'Ontario, a-t-on appris.

BMO Financial Group has signed a deal to acquire the Air Miles loyalty program. Find out more.

The deal has been proposed as part of LoyaltyOne’s proceeding under the Companies’ Creditors Arrangement Act. Article content

Air Miles president Shawn Stewart says the deal will have no impact on collectors' reward miles balances or on their ability to collect and redeem miles.

Last June, Empire said it would scrap the Air Miles program after becoming a co-owner of the Scene+ program operated by Cineplex Inc. It began to transition to Scene+ last August. The deal has “no impact on Air Miles collectors’ reward miles balances or on collectors’ ability to collect and redeem Air Miles reward miles,” Stewart said in a statement.

Air Miles president Shawn Stewart says the deal will have no impact on collectors' reward miles balances or on their ability to collect and redeem miles.

and office supply retailer Staples said they would be scrapping the Air Miles program, a year after the Liquor Control Board of Ontario and Lowe’s Canada pulled out of the program. “We’re lending our scale and a very well-known recognized brand to businesses.” Loyalty Ventures Inc., the parent company of LoyaltyOne, filed for Chapter 11 bankruptcy in the U.S. It also delisted its common stock from the Nasdaq. Last summer, Sobeys and Safeway owner Empire Co. Air Miles president Shawn Stewart said the deal “brings stability to the Air Miles program.”

(Bloomberg) -- Loyalty Ventures Inc., an operator of consumer rewards programs, filed for bankruptcy with plans to sell Canada's Air Miles Reward Program to ...

The company’s deal to sell Air Miles to BMO is not final, according to a statement. Loyalty was spun off from Alliance Data Systems into a publicly listed company in November 2021. The company has been grappling with dwindling liquidity and a loss of customers.

BMO (TSX: BMO) (NYSE: BMO) and LoyaltyOne, Co. (LoyaltyOne), a subsidiary of Loyalty Ventures Inc. (LVI) (NASDAQ: LYLT) today announced the signing of a ...