Membership Crackdown Could Hurt Kogan.com’s ‘North Star’

Thanks to the The Australian Financial Review for speaking with our Lead Portfolio Ray David on Retail, and regulatory views around merchants in the Australian Market.

The AFR explores KGN… “Investors are betting a crackdown on lucrative membership programs will hurt Kogan.com’s major profit driver, pushing the online retailer’s shares lower at a time when the company is performing significantly worse than expected.”

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