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After trying unsuccessfully to sell the Excite portal during a sharp downturn in online advertising, the company filed for bankruptcy in September 2001. [14] It was acquired by Ask.com in March 2004. [15] Flooz.com: A digital currency founded by Robert Levitan; it folded in 2001 due to lack of consumer
The brand had 150 stores at its peak, predominantly on the West Coast. Anchor Blue declared bankruptcy in 2009 and shuttered more than 50 stores, and gradually shrank to include stores solely in California. It went bankrupt once more in 2011, with the remaining stores closed before Easter of that year. [48]
In late 2018, the brand name was pulled out of bankruptcy protection; plans were made for it to return in the form of specialty stores under the name "Geoffrey's Toy Box." [317] Tru Kids acquired the Toys "R" Us and Babies "R" Us brands in February 2019. Toys "R" Us reopened under this new management in 2019 with stores in New Jersey and Texas ...
After struggling to maintain business levels at its brand names Karstadt and KaDeWe, Arcandor sought help from the German government, and then filed for insolvency. Hypo Real Estate: Germany: 5 October 2009: Banking: Depfa, one of the companies subsidiaries ran into liquidity problems in 2008 as a result of the financial crisis.
As of May 2020, bankruptcies and store closings were expected to intensify due to widespread business closures and the resulting financial impact of the COVID-19 pandemic. J. Crew , Century 21 , Neiman Marcus , Stage Stores , Stein Mart , Lord & Taylor , JCPenney , Tuesday Morning , and Pier 1 Imports were among the first major retailers to ...
This high-end beauty brand's U.S. division filed for Chapter 11 bankruptcy protection at the end of January, citing crushing rent obligations in light of COVID-19's drag on sales.
These days, we often hear about the importance of failure and the role it may play in launching or advancing our careers. It seems, after eons of lambasting people for even the most miniscule...
House of Lloyd (a.k.a. "Christmas Around the World") (filed for Chapter 11 bankruptcy in 2002) Kleeneze (went into administration in 2018) The Longaberger Company (dissolved in 2018) [26] Metabolife (dissolved in 2005) MonaVie (went into foreclosure 2015) Nouveau Riche (real estate investment college) (dissolved in 2010) NXIVM [27] [28]