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Bugatti Bounces On Backup Model Plans Amid Booming Business

Illustration for article titled Bugatti Bounces On Backup Model Plans Amid Booming Business

Image: Bugatti

It has been long rumored that the hypercar fancy folks over at Bugatti were considering development of an all-new second model to sell in the lineup. Despite record sales on the back of the new Bugatti Chiron, the Covid-19 pandemic has stalled any plans for the future car.

Bugatti President Stephan Winkelmann, who moved over in 2018 from in-house pals Lamborghini and Audi Sport, confirmed to Bloomberg TV that the boutique automaker’s development team had done work on a potential second model.

The boss cited market instability due to the global Covid-19 pandemic for added pressure ahead of an important upcoming financial review from Bugatti parent-company Volkswagen Group as a factor in halting development of the new car. From Bloomberg:

The decision was prompted by the damage inflicted on the car industry by the Covid-19 pandemic, Bugatti chief Stephan Winkelmann said in a Bloomberg

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shopping

Private Equity Firms Bet on Booming Demand for Online Shopping

(Bloomberg) — Private equity firms are betting that the rise in online shopping is here to stay, with some of the world’s biggest investment funds eyeing deals for everything from warehouses to delivery companies.



a person using a laptop computer sitting on top of a table: Internet Shopping Leads Recovery in U.K. Consumer Spending


© Bloomberg
Internet Shopping Leads Recovery in U.K. Consumer Spending

Clipper Logistics Plc, which supports the e-commerce operations of retailers from Asos Plc to Superdry, is attracting interest from buyout firms, people with knowledge of the matter said. Cinven is among potential suitors that have been evaluating the 496 million-pound ($638 million) British company, while CVC Capital Partners has also looked in the past, according to the people, who asked not to be identified because the information is private.

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Silver Lake recently participated in a $650 million funding round for Klarna AB, which lets shoppers pay for online purchases in installments. In August, Advent International acquired a controlling stake in the U.K. operations of

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