Business

Unicorn company Vinted’s “V-shaped recovery” story, recovering from a monthly deficit of 100 million

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Unicorn company Vinted's “V-shaped recovery” story, recovering from a monthly deficit of 100 million

V-shaped recovery In 2016, Thomas Plantenga, hired to help second-hand apparel retailer Vinted out of trouble V-shaped recovery, decided to stake the company’s future on a TV commercial. When he made this $800,000 bet, the company was losing $1 million a month and had no cash left for a year. There wasn’t. At the time, … Read more

Mitsui & Co.’s profits exceed 1 trillion yen; learn from trading company personnel on how to make money on a global scale

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Mitsui & Co.'s profits exceed 1 trillion yen; learn from trading company personnel on how to make money on a global scale

When Warren Buffett visited Japan in April 2023, he publicly announced that he would “increase the percentage of shares held in the five major general trading companies.” About a year has passed since then. The stock prices of each company are on the rise across the board, reaching new highs since listing. Mitsui & Co.’s … Read more