Is Aritzia about to go public?

Aritzia flagship store on Robson Street in Vancouver
Aritzia flagship store on Robson Street in Vancouver

A weekly roundup of news and views on money, markets, the economy and more

Aritzia is preparing for an initial public offering, according to insiders. The Vancouver-based retailer has hired CIBC, TD Bank and Bank of America Corp. to work on the sale and could file preliminary paperwork with regulators as early as this week. Aritzia’s shares are likely to trade on the Toronto Stock Exchange. In April, the company expanded its Robson Street flagship store to 13,000 square feet, its largest single-level shop in Canada, to be followed this month by a huge, new, 10,400-square-foot location in Toronto. (Bloomberg)

What Warren Buffett invested in during Q2. Monday was the deadline for money managers with more than US$100-million in U.S. equities to submit 13F filings, which detail their quarterly holdings. From Warren Buffett’s deeper bite into Apple to Carl Icahn’s big bet on Allergan, here are five of the most notable moves made during the second quarter of 2016. (Financial Post)

Silicon Valley is all about the money. Canadians who go to Silicon Valley in search of business partnerships should stop giving product demos. The best way to demonstrate the value of a product is to show that real customers are paying real money to use it. (The Globe and Mail)

When is a gift too good to be true? When it’s a pyramid scheme. The Better Business Bureau is warning Lower Mainland women about a scam it calls a Gifting Circle, a.k.a. Women’s Financial Circle, Women’s Financial Collective and Women’s Wisdom Circle. Participants are promised a $40,000 payout for investing $5,000 and recruiting friends. The scam alludes to female empowerment, and its organizers claim to create abundance and spiritual healing for those who sign up. (CBC)

Why the U.S. should follow Justin Trudeau’s move to bigger government. Many countries where government has grown the most have also experienced stronger economic growth. Plus it’s fairer. (The New York Times)