Prezzee, the decade-old gift card company backed by shopping centre owner Shaun Bonett, has filed its accounts over a year late and revealed a near-$40 million loss.
Mr Bonett, who the Financial Review Rich List estimates has a fortune of $2.3 billion largely from real estate investments, acquired a majority stake in Prezzee through his private Precision Group vehicle in 2015.
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Primrose Riordan covers private companies and family offices from the AFR's Sydney newsroom. Primrose was previously a correspondent for the Financial Times and covered foreign affairs and politics in Canberra. Primrose has won multiple awards for her journalism including from The National Press Club, SABEW in the US and Press Gazette in the UK. Message Primrose on Signal: https://tinyurl.com/PrimroseSignal Connect with Primrose on Facebook and Twitter. Email Primrose at primrose.riordan@afr.com
Nick Bonyhady is a technology writer for the Australian Financial Review, based in Sydney. He is a former technology editor, industrial relations and politics reporter at the Sydney Morning Herald and Age. Connect with Nick on Twitter. Email Nick at nick.bonyhady@afr.com
