Breakingviews - Corona Capital: Art, Supermarkets, Travel

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From Breakingviews: Shuttered galleries are forcing art lovers online, and buyout shop Advent spies a bargain in duty-free retailer Dufry’s rights issue. Catch up with the latest financial insights

The painting by Pablo Picasso named"Femme au chien" is displayed at Sotheby's during a press preview of their upcoming impressionist and modern art sale in New York, U.S., May 3, 2019.ABSTRACT VALUE. Covid-19 is testing the limits of creative purchases. Sales of art by galleries around the world contracted by an average of 36% in the first half of this year, a new survey by Art Basel and Swiss bank UBS found.

GROCER WOES. UK supermarkets’ pandemic boom is now turning to empty tills. WM Morrison, one of Britain’s top four grocers, revealed on Thursday that its first-half pre-tax profit fell 25.3% to 148 million pounds as the extra costs of hand sanitiser and staff dampened the benefits of a near 9% surge in sales, excluding fuel.

 

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