The richest man in the world rushes into the streets. Jeff Bezos is planning a chain of UK bookstores and convenience stores – cashless in sight.
Amazon has made deals to open more than 10 Amazon Go convenience stores and is in talks for 20 more. The first should open in London before the end of the year.
As Covid-19 pushes Western economies into a deep recession, Amazon is reaching new heights. In 26 years, Bezos has transformed his business from a garage-based book selling business into a £ 1.2 trillion monster. Amazon is now the most valuable company in the world and with a fortune of £ 138 billion Bezos is the richest person in the world.
Amazon’s willingness to tolerate heavy losses