Celsius modified stock awards for departing staff and misstated two quarters
The energy-drink company changed stock-award terms for six leavers without applying modification accounting, understating expenses in two 10-Qs.
Fall lesenUnternehmerische Misserfolge, teure Entscheidungen und ihre Lehren.
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The energy-drink company changed stock-award terms for six leavers without applying modification accounting, understating expenses in two 10-Qs.
Fall lesenThe medical-device giant knew its Alaris infusion pumps needed a recall but did not book the cost — one quarter's operating income was inflated 82%.
Fall lesen36 years, 34 stores, 9 states. On 24 February 2021, Fry's shut every door at once. No Chapter 11, no going-out-of-business sale. Just a sign on the website.
Fall lesenRaised $300M in its 2019 IPO on the claim that every item was authenticated. Chanel sued. Forbes found counterfeits. Three CEOs in five years followed.
Fall lesenThe Hong Kong chain that predated Starbucks in Asia was squeezed between premium and cheap, and the pandemic finished the retreat.
Fall lesenAngry Birds made Rovio a household name. Merchandise revenue fell 43%, profits dropped 73%, and 370 staff were laid off. Sega bought it for $776M.
Fall lesenThe government-owned developer behind Palm Jumeirah held three-quarters of Dubai's debt — when it asked to delay payment, the Dow fell 155 points.
Fall lesenChipotle's 'food with integrity' meant fresh, minimally processed ingredients — harder to keep safe. From 2015 to 2018 a string of outbreaks sickened 1,100+.
Fall lesenThe meal-kit pioneer IPO'd in 2017 and lost 81% of its market value within nine months. Paying customers fell 24% in a single quarter. Wonder Group bought it.
Fall lesenSpain's largest renewable energy company grew through project debt that looked off-balance-sheet. When a €350M rescue fell through, the whole structure went.
Fall lesenValued at $1.7B, BuzzFeed built on social traffic. When algorithms shifted, revenue fell from $437M to $253M in a year. The stock lost 98%.
Fall lesenThe telecom giant overexpanded into managed services and lost its technology edge. Two rounds of cuts and a CEO change followed.
Fall lesenOatly claimed 73% less CO2 than milk, but only tested one product against whole milk. The ASA banned four claims in its biggest UK campaign.
Fall lesenCanada's most beloved coffee chain opened US stores from 1981 onward. US sales were half the company average; Dunkin' owned the same territory.
Fall lesenIt sold shares at £12 10s on the promise of gold. None was found. It lived on lotteries and fresh investors until the Crown revoked its charter in 1624.
Fall lesenInternal testing showed the fees were deceptive and most users would decline them — Hopper kept them pre-selected anyway.
Fall lesenGameStop's best margin was selling the same disc twice. When games went digital that business vanished; in 2019 it closed 200 stores and posted a $415M loss.
Fall lesenShares fell 70% in a year. Revenue stalled at £2.5B with a £298M net loss. A £3.95 returns fee angered the customers who bought three sizes to keep one.
Fall lesen800 stores and over $1B in debt. The first Chapter 11 cut the debt; the second closed the doors. Dollar Tree bought 150 leases for the fixtures.
Fall lesenA blocked $3.8B JetBlue merger left Spirit with $1.2B in annual losses. Two Chapter 11 filings later, the last flight landed at Dallas–Fort Worth.
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