Amet minim mollit non deserunt ullamco est sit aliqua dolor do amet sint. Velit officia consequat duis enim velit mollit. Exercitation veniam consequat sunt nostrud amet.

Well-known retailer offering unique home furnishings faced its decline due to intense competition and failure to adapt to changed consumer behaviour post-COVID.

Once a prominent US sports network, saw a steep decline in financial stability due to mounting debt, and declining cable TV subscribers, because of digital streaming trends.

SVB Financial, widely known amongst tech startups and venture capitalists for its niche focus on innovation sector financing. Its downfall was ironically triggered by a rapid interest rate rise, leading to a liquidity crisis.

Bed Bath & Beyond, once synonymous with America’s finest home furnishings and cosmetics, fell from its graces due to its failure to evolve new business models and adapt to e-commerce. This was worsened by a lack of tactile leadership in its primary markets of the US and Canada.

Virgin Orbit, often known as a pioneer in air-launched rockets, faced major roadblocks in commercialising its technology. Intense competition in the space industry didn’t make things easy either, and the company’s journey came to a sudden crash in 2023.

First Republic was seized by the Federal Deposit Insurance Corporation (FDIC) on May 1, 2023. The FDIC held a “highly competitive” bidding process, ultimately selling the institution to JPMorgan Chase later that day.

Montreal-based Vice Media, known for its bold journalism, shut down its operations in early 2023. It is the latest casualty of the media industry owing to a downturn in digital advertising and a changing appetite for news.

Invicta Watches, the brand that was once known for affordable luxury timepieces, lost brand perception and faced decline due to over-saturation of the market. Failure to innovate against smartwatch brands further sealed its fate.

Instant Pot, famous for its multifunctional pressure cookers, couldn’t sustain the market heat due to market saturation, and increased competition. The brand, losing its customer base to new and evolved designs, filed for bankruptcy in 2023.

Lordstown Motors, an EV startup, faced market troubles due to Its production delays, financial misstatements, and unstable leadership. Investors and consumers alike lost their faith in the company’s vision to deliver a pathbreaking EV truck.

Amet minim mollit non deserunt ullamco est sit aliqua dolor do amet sint. Velit officia consequat duis enim velit mollit. Exercitation veniam consequat sunt nostrud amet.

Once a major American pharmacy chain, Rite Aid was famous for its widespread store presence. But this massive network became its bain when excessive debt piled up and stores couldn’t cover costs amidst competition from large retailers.

FTX was once a trusted name in cryptocurrency exchanges and uniquely known for its high-profile partnerships. Its downfall was triggered by the alleged mishandling of customer funds and, liquidity crises. It reportedly lost $8.3 Billion at the time of filing for bankruptcy.

WeWork, a global Decacorn, faced its downfall primarily due to unsustainable growth strategies, overvaluation, and corporate governance issues under its leadership. Investors lost confidence leading to a failed IPO, and company eventually filed bankruptcy in US and Canada.

Boston Market once known for its homestyle meals, faced a huge decline due to over-expansion, an outdated franchisee business model, and an inability to diversify. Financial mismanagement by the company’s CEO jay Pandya, served as the final nail in the coffin.

Toshiba, a once-prominent Japanese conglomerate, faced its downfall due to massive financial losses on account of corrupt business practices and loss-making investments. These factors eroded investor confidence and market share.

Bird, an EV-sharing unicorn, faced its decline due to regulatory challenges, high operational costs, and issues with scalability. These challenges displaced the company from its prime and it had to shut down its batteries.