The stock market today is extremely volatile and not very reliable; several days with shortfall, some days a slow upturn. So who are the real winners that can make money in today’s financial crisis? I would say the people with a lot of capital, the ones that are able to influence the movements of the market, especially where they have big holdings of shares. Take two wealthy Swedes as a good example; H&M’s Stefan Person; the Swedish fashion chain’s sales rose 9% in October and Stefan Person’s fortune is growing bigger and bigger. The company has big plans for expansion towards the west in both US and Canada. Some analysts believe that H&M could eventually grow to have 1000 stores in the US. The company opened its first store in the US in 2000, and since then the US has become one of its fastest growing markets.
It seems that a time of recession is a time of growth for fashion chains; another example is the British billionaire Sir Philip Green, the owner of BHS and Top Shop. He negotiated to take over a debt estimated at one billion pounds from Iceland’s investment group Baugur, after they went bankrupt in October.
Green said for The Sunday Telegraph that he met with Cabinet officials and boards. He also said they were very constructive because they had the ability to react fast and avoid the financial failure of the financial crisis.
No comments:
Post a Comment