DESCRIBE THE TYPES OF BUSINESSES, PURPOSE AND OWNERSHIP. INCLUDE IN THE DESCRIPTION, THE LIABILITY OF THAT BUSINESS.
BUSINESS 1:
RIVER ISLAND
BUSINESS 2:
OXFAM
RIVER ISLAND: PROFIT ORGANISATION
‘With over 60 years of fashion retailing experience, River Island is one of the most successful companies on the High Street.
River Island has nearly 300 stores across the UK, Ireland and internationally throughout Asia, the Middle East and Europe.’ – RIVER ISLAND WEBSITE
River Island is an unquoted company. ‘An unquoted company is a business company owned either by non-governmental organizations or by a relatively small number of shareholders or company members which does not offer or trade its company stock (shares) to the general public’. – Wikipedia
RIVER ISLAND SHAREHOLDERS AND STAKEHOLDERS
‘Bernard and his oldest son Leo Lewis, also a senior executive, are the largest shareholders, but other directors with significant shareholdings include Clive Lewis, River Island 's chief executive, and Bernard 's nephew Ben Lewis. The group 's six directors, all family members, are thought to be worth about £1.4bn. River Island managing director Richard Bradbury is the only non-family member to hold a senior post. In total, about 11 members of the extended family are thought to hold stakes in the parent company through offshore trusts, although some stakes are relatively small.’ – The Guardian.co.uk
River Island’s purpose is to provide fresh; funky, cool fashion to the masses. (Whilst making money as business ) ‘At River Island we try really hard to bring new and original fashion to you, with design at the heart of absolutely everything we do. Almost everything is designed in-house and with one of the largest design teams on the High Street this means we can have fabulous new fashion arriving in-store and online every single week.’ – River Island website
Other