Why this billionaire’s gift card company is still losing money after 10 years
Prezzee, the decade-old gift card company backed by shopping centre owner Shaun Bonett, has filed its accounts over a year late and revealed a near-$40 million loss.
Mr Bonett, who the Financial Review Rich List estimates has a fortune of $2.3 billion largely from real estate investments, acquired a majority stake in Prezzee through his private Precision Group vehicle in 2015.
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