Lightning strikes into Victorian territory by Sydney bar king Justin Hemmes and the staggering $33 million sale of the Boundary Hotel in East Bentleigh have drawn new assets to market.
Kogan, Sleeping Duck do lunch
Dec 16, 2020 – 11.30pm
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David Shafer, the chief financial officer and co-founder of e-commerce star Kogan, and
Adir Shiffman, the chairman of ASX-listed Catapult Sports and fast-growing online delivery mattress business Sleeping Duck, were out at Melbourne s techie hotspot Glovers Station.
Shiffman has previously boasted how initial public offer candidate Sleeping Duck has EBITDA margins in the region of 35 per cent, thanks to the premium prices consumers will stump up for a comfortable night s sleep.
Kogan can only dream of those kind of margins, with an average EBITDA margin of 6 per cent in FY 2020, despite the dramatic hike in consumer demand for online goods.