Unternehmerische Misserfolge, teure Entscheidungen und ihre Lehren.
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MBK bought Korea's hypermarket chain from Tesco with ₩5T of borrowed money. In March 2025 a rating cut triggered early repayment; the court plan failed in 2026.
Fall lesenFifty years of family-owned fashion, €196M in sales, and losses the owners stopped funding. Sold in 2023; the Lille court's continuation plan came in 2024.
Fall lesenThe 'queue king of Chongqing hotpot' calls the Changsha collapse one agent's outside bets gone wrong. The members' prepaid balances sat with that agent.
Fall lesenNordic Fashion Brands declared bankruptcy in September 2024 with 116 jobs lost. A month later a former shareholder bought Noa Noa out of the estate.
Fall lesenLess than 3% of global genetic research material was African; the startup built to fix that closed in 2023 with three CEOs in two years and unpaid creditors.
Fall lesen2,750 stores, a billion-to-ten-billion-dollar balance sheet, and the same problem both times: the mall teenagers grew up in stopped existing.
Fall lesenFounded in Perth in 1972, Jeanswest survived its first administration in 2020. The second, in March 2025, closed all 90 stores and put 600 jobs on the line.
Fall lesenBacked by Mercedes-Benz, Geely and Intel, Volocopter filed for insolvency on 26 December 2024. It never flew a paying passenger. The whole staff was let go.
Fall lesenFounded 2011, first-generation OTT, losses of ₩267B against ₩33.8B of revenue. When the convertible bond came due, the creditor chose the court.
Fall lesenThe platform that sold luxury fashion to the world couldn't make the model pay. A $500M emergency loan became a takeover; the listed company went private.
Fall lesen146 stores and A$50M in debts in 2020; a rescue, five more years of trying. In March 2025 the remaining 90 stores closed and 600 staff were let go.
Fall lesen300 stores, 9,236 layoffs, hundreds of millions in private-equity debt — against a generation marrying later, smaller, and online.
Fall lesenAbout twenty stores from Trapani to rue François 1er, €100M in sales, tens of millions in debt. The court: insolvency with no adequate means to meet it.
Fall lesenThe first British house accredited by Paris couture in a century ran on red carpets and weddings. In 2020 both stopped happening.
Fall lesen36 electric ducted fans, 6 passengers, 300 km/h — and no type certificate. Lilium filed for insolvency in October 2024, and again in February 2025.
Fall lesenBurberry's annual report disclosed £28.6M of incinerated unsold stock. The disclosure did more damage than any discount sale could have.
Fall lesenFirst-class awards jumped from 163,500 to 188,000 miles one-way. Economy was untouched. The message: the more you saved, the more it cost you.
Fall lesenFossil made watches for Michael Kors, Armani and DKNY. When fashion moved on and smartwatches arrived, revenue fell 70% and the stock went from $120 to $5.
Fall lesenA customer found a scarf with both 'Made in China' and 'Made in Vietnam' tags. The founder admitted half his stock was Chinese. The brand died in a week.
Fall lesenMosaic ran 1,400 Australian stores under 11 brands, all selling to women over 50. They cannibalised each other. The debt was $250M. Every store closed.
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