Supplementing fuel to the downfall, trouble started bubbling among the brothers due to complicated personal reasons. In 2005, after the intervention of their mother, the entire conglomerate was divided into two. Following the split, Anil Ambani took over the telecom arm amongst many others as part of a greater agreement.
Nicholas Cage is one of the bigger actors in Hollywood, headlining classic movies like The Ghost Rider, the ever so awesome National Treasure Series, Face/Off with John Travolta, and many more. It's not rare when celebrities go overboard with their spending, but Cage gave the word overboard a whole different meaning. Once among the richest Hollywood stars, having a net worth of around $150 million, Cage has always had a huge spending problem. He squandered a whole lot of his fortune on bizarre items.
Weaving up the cocoon of success through the thread of diversification and amalgamation, Sears traces its roots back to the brain cells of Richard Warren Sears and Alvah Curtis Roebuck, American businessmen of the black and white 1880s.
Vincent Kennedy McMahon is a household name when it comes to wrestling. He is, without a doubt, the face of WWE with a star to his name in the walk of fame. It can be presumed that a high ranking personality like him would be a billionaire, but what can’t be is the fact that he took numerous tumbles from his high chair.
Taking birth in the minds of Rod Canion, Jim Harris and Bill Murto, Compaq possessed the crown of the largest purveyors of personal computers before the 1990s with every household’s dream to own one. With the succulent taste of success over their tongues, not a single individual could predict the cataclysmic storm that awaited for the company in the impending years which eventually killed this once glorious company in 2013.
Forever 21 expanded “too fast, too soon”. They expanded rapidly in a short period of time, going from outlets in seven countries to 47 in just six years. However, inadequate research about consumer tastes and preferences and failure to tailor their designs as per local needs proved to be one of their biggest mistakes.
In 2011, Blackberry used to be among the top companies leading the mobile market with a market value of over $19.9 billion. On the other hand, today with a market value of only $1040 million, Blackberry does not even make it to the top 10 companies in the mobile market.