European ecommerce companies that grew quickly in the pandemic are having to adapt to a slowdown in both consumer spending and venture capital funding — forcing a rethink in strategy. “We are not spending as aggressively,” says Daniel Kundt, chief financial officer of KoRo, a German online bulk food retailer. Businesses like KoRo surged during 2021 when ecommerce was the second-fastest growing sector in Europe, according to the latest FT1000 ranking of European companies. Read More...
TheStreet.com
Warren Buffett Offers Safety During New Bank Scare
Other financial institutions have been affected, including Signature Bank , First Republic Bank , and even Credit Suisse . During the chaos, prominent figures have been talking with Warren Buffett and his Omaha, Neb.-based diversified holding company Berkshire Hathaway . “We were not too surprised to see stories pop up over the weekend about Warren Buffett, CEO of wide-moat Berkshire Hathaway, being in conversations with the Biden administration about the banking crisis, as well as reports from the major news outlets that a large number of private jets have made their way to Omaha this weekend,” wrote Morningstar’s Greggory Warren on March 19.
