AmEx buys dining reservation company Tock from Squarespace for $400M [Yahoo! Finance Canada]
Squarespace, Inc. Class A (SQSP)
Company Research
Source: Yahoo! Finance Canada
AmEx began making acquisitions in the dining and event space with its purchase of Resy five years ago, giving cardmembers access to hard-to-get restaurants and locations. Other credit card issues have done the same. JPMorgan acquired The Infatuation as a lifestyle brand in 2021. Tock, which launched in Chicago in 2014 and has been owned by Squarespace since 2021, provides reservation and table management services to roughly 7,000 restaurants and other venues. Restaurants signed up with Tock include Aquavit, the high end Nordic restaurant in New York, as well as the buzzy new restaurant Chez Noir in California. Squarespace and Tock confirmed the deal Friday. ADVERTISEMENT AmEx's purchase of Resy five years ago raised a lot of eyebrows in both the credit card and dining industries, but it's become a key part of how the company locks in high-end businesses to be either AmEx-exclusive merchants, or ones that give preferential treatment to AmEx cardmembers. The number of restauran
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SQSP
Earnings
- 8/2/24 - Miss
SQSP
Sec Filings
- 9/26/24 - Form SC
- 9/26/24 - Form SC
- 9/26/24 - Form SC
- SQSP's page on the SEC website