Sunday 23 June 2019

Two Business Stories Involving Retail

In the struggling world of investment funds a Sydney based hedge fund has outclassed its rivals with a couple of stunning share market bets and one of them involved retail. Their investment in a buy now/pay later company called Zip has produced very strong returns – “Services like Zip, which allow people to buy goods and pay for them in instalments, are benefiting from the shopping habits of young people, many of whom don't have credit cards, and the growing popularity of online shopping.”

And in the second news story, Bill Gates and Jeff Bezos have been joined by a third billionaire in the worlds most exclusive wealth club. Bernard Arnault heads LVMH which owns the likes of Louis Vuitton, Moet & Chandon and Dior.