Reclusive billionaire profits from pandemic

The reclusive Polish billionaire and founder of Dino grocery chain Tomasz Biernacki has profited from the coronavirus pandemic. The firm’s shares have jumped a record 88 percent this year, one of the highest in the Stoxx Europe 600 Index, Bloomberg reports.

Lockdown and self-isolation played into the hands of the Polish retailer: shoppers rushed to stores to replenish food supplies. First of all, canned food, soap and milk of long storage are swept from the shelves. Since 2015, Dino has tripled its profit, and its branded chain of stores has grown 12 times. Its founder is now worth $ 3.6 billion.

Dibo was founded in 1999. Since its debut on the stock exchange in 2017, shares have surged nearly eightfold, bringing the company’s market value to $ 7 billion. As of the end of September, the retailer had 1,371 stores.

Another grocery firm that has benefited from the lockdown is Korea’s CJ CheilJedang, which makes ready-to-eat meals. Its shares rose by 135 percent since March. Among the ready-to-eat foods, frozen pizza and dumplings were the best selling.

One of the leaders in non-food retail – Mattel, Inc. For the third quarter of the year, the growth in sales of Babri dolls reached a record. The increase in sales is due to quarantine measures around the world, including the closure of schools and pre-schools. Parents try to keep their kids entertained so they don’t abuse the computer.

/OSINT/media/social.