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.
Kingfisher Airlines commenced operations in 2005 and was declared bankrupt in 2012. Vijay Mallya, in order to avoid justice fled India in 2016 owing Rs. 9000 Crore to Indian banks. This news spread like wildfire, it questioned even the jurisdiction capabilities of the Indian Government on how easily justice could be evaded by crossing the nation’s border.
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