Refugee markets in everything
The annual report in 2013 from a multibillion-dollar London private-equity firm that counts a French pastry baker and a Dutch shoemaker among its holdings touted a new opportunity with “promising organic and acquisitive growth potential.”That investment was the management of refugee camps.“The margins are very low,” said Willy Koch, the retired founder of the Swiss company, ORS Service AG, which runs a camp in Austria that overflowed this summer with migrants who crossed from the Balkans and Hungary. “One of the keys is, certainly, volume.”
In Sweden, the government paid a language-analysis firm $900,000 last year to verify asylum-seekers’ claims of where they were from.
Look for more stories along these lines. Hat tip goes to Hugo Lindgren.