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Tag: Billionaire

The billionaire Boohoo family who started with a market stall in Manchester | Business

Boohoo sells dresses for £5 and jeans for less than £10, but its founders are multimillionaires who are lining themselves up for a £100m payout as online sales soar during the Covid-19 pandemic. In less than 15 years, Boohoo has gone from a three-employee operation to a business with sales of £1.2bn and a 5,000-strong …

The billionaire Boohoo family who started with a market stall in Manchester | BusinessRead More

How this self-made billionaire built a pandemic-proof business

When the #stayathome hashtag emerged on social media last month in response to governments successively announcing coronavirus containment measures, Min-Liang Tan was ready. The Singaporean entrepreneur had already commissioned a run of isolation-inspired posters printed with the words “stay home and game on” weeks before the virus had reached global pandemic levels. The international lockdown was hardly …

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Billionaire retailers seek rent cuts during coronavirus crisis | Business

Billionaire retailers Sir Philip Green and Mike Ashley have asked landlords for rent cuts of up to 50% as they try to cut costs during the coronavirus outbreak. Green’s Arcadia retail empire and Ashley’s Sports Direct chain have joined a wave of retailers including H&M, New Look and Debenhams in asking landlords for rent holidays …

Billionaire retailers seek rent cuts during coronavirus crisis | BusinessRead More

Chinese billionaire Jack Ma offers US virus test kits, masks, Retail News, ET Retail

Beijing : Chinese billionaire businessman Jack Ma on Friday offered the United States 500,000 coronavirus test kits and a million masks, as the country faces a shortage of kits for diagnosing the potentially deadly disease.In a statement on Twitter, the founder of e-commerce giant Alibaba said, “drawing from my own country’s experience, speedy and accurate …

Chinese billionaire Jack Ma offers US virus test kits, masks, Retail News, ET RetailRead More

Billionaire investor Carl Icahn is placing a big bet against mall owners, report says

Carl Icahn at the 6th annual CNBC Institutional Investor Delivering Alpha Conference on September 13, 2016. Heidi Gutman | CNBC Billionaire investor Carl Icahn is placing a $400 million bet against struggling malls, taking on two of the largest investment firms, according to a report in the Wall Street Journal. Icahn stands to make millions …

Billionaire investor Carl Icahn is placing a big bet against mall owners, report saysRead More