A leading hedge fund manager and Brexit donor has been making huge bets against the iconic British fashion brand Burberry – even though the firm has been tasked with making personal protective equipment (PPE) for healthcare workers.
As the spread of COVID-19 jolts markets, hedge funds including portfolios run by Brexit donors Paul Marshall and Crispin Odey have ignored pleas from the Bank of England to desist from short-selling the stock of British companies, and are making huge gains betting against a number of leading high street brands.
Burberry is one of the retailers health secretary Matt Hancock has singled out for praise for producing gowns for NHS staff.
