Today in brief: Industry West launches bath line; Bolt backs out of Crypto deal

DTC furniture brand Industry West has announced the launch of a new luxury bath line, diversifying the company's online offerings in what is its largest product launch since 2015.

"Developed by Belgian designer Dimitri De Vocht, Industry West’s bath line features solid Italian marble and handmade terrazzo sinks in an array of hues and streamlined styles, including wall-mounted basins, console sinks, and double vanities," a release from Industry West states.

Industry West was founded in 2011 as a modern alternative to mundane furniture. Sourcing their products from every corner of the globe, Co-Founders Anne and Jordan England prioritize high-quality, handcrafted furniture from ethically-run manufacturers. Industry West’s furniture reflects the juxtaposition of beauty and function and is seen in both residential
and commercial spaces across North America.

“Our new bath line represents one of our most ambitious category launches to date,” said Jordan England, CEO and Co-Founder of Industry West. “From beautifully veined marble to bold terrazzo, this collection is designed to feel luxurious without the unattainable price tag. Each piece is unique, making this collection anything but boring.”

Bolt backs out of deal to acquire Crypto processor Wyre

A plan to add 'one-click crypto' to checkout SAAS Bolt's tech stack has taken a step backward as a planned acquisition with crypto payment's company Wyre has been bagged.

Bolt founder Ryan Breslow first announced the proposed $1.5 billion acquisition back in April.

But last week Bolt announced it was backing out the deal.

“We will continue our existing commercial partnership with Wyre to pave the path of crypto integration into our ecosystem, bringing Wyre’s innovative crypto infrastructure to the world,” Bolt’s CEO Maju Kuruvilla told Reuters.

Putting a pin in the acquisition likely is a relief for Bolt employees and investors who have recently dealt with significant layoffs and reported backslides in valuation.