Channel 4 has unveiled a business reality series amid “unprecedented challenges” for small companies in the pandemic. The Profit will be hosted by Eric Collins, who was appointed by Barack Obama to a business and diversity group in the US. An investor and serial entrepreneur, he will offer expertise and capital investment to four small, struggling British businesses, in return for “taking the reins”. He will invest in struggling companies in return for equity, becoming temporary boss and giving the businesses a financial makeover. He is the chief executive of Impact X Capital Partners, a venture capital firm supporting underrepresented entrepreneurs.

Source: Irish Independent February 09, 2021 00:00 UTC