FoodXervices bet S$50M on a new HQ weeks before COVID — it never recovered (interview)
The 92-year-old Singapore food distributor opened a five-times-bigger, 80%-debt-financed HQ in 2020; sales fell 90% overnight; it liquidated in 2026.
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2,000 VERÖFFENTLICHTE FÄLLE · REGELMÄSSIG AKTUALISIERTFlipkart and Amazon India's in-house smartphones flopped against Xiaomi's discounts
Both marketplaces launched own-brand budget phones to lift margins in India's biggest online category — and sold almost nobody one.
Fall lesenEY skipped a routine bank confirmation for three years while auditing Wirecard
Wirecard's auditor never asked a Singapore bank to confirm up to €1bn of 'cash' — a standard procedure — then faced a €1bn investor lawsuit.
Fall lesenDoughnut Time went from 30 stores to seven in a weekend — and owed staff wages
The cult doughnut chain went from 30 stores to seven in a weekend: staff paid weeks late, a landlord lockout, $70,000 in wage complaints.
Fall lesenDisney's John Carter lost $200M on marketing that never said what the film was
A $250M Edgar Rice Burroughs epic opened to $30M: no Mars in the title, no Pixar hook, no Burroughs, no Martian dog — as if they set out not to make us care.
Fall lesenCorporate Travel Management must refund UK clients over £58M it booked
The A$2B travel group suspended its shares, stood down its Europe head and will restate three years of UK revenue after an accounting review.
Fall lesenColes caved to shopper complaints and gave its 15c reusable bags away free
Six weeks after scrapping single-use bags, Coles made the 15c thicker bags free indefinitely in four states — and the waste industry called it a mess.
Fall lesenCasas Bahia burned its supplier credit — then the shelves emptied
Stretching supplier payments to 149 days backfired: insurers cut credit lines, inventory fell $1.1B in a quarter and losses hit R$10.1B.
Fall lesenBurger King's 'rib' Whopper had no ribs — Brazil made it change the name
The Whopper Costela was 100% pork shoulder with 'rib aroma'; Procon notified BK for misleading ads and the sandwich became Whopper Paleta Suína.
Fall lesenWesfarmers wrote down its $700M Homebase buy by $930M in two years
Bunnings' UK conquest cost more in impairments than the purchase price — first-half losses tripled and 45 stores faced closure.
Fall lesenBluebird's EU exit over a German pricing row left CALD children without Skysona
Bluebird Bio quit Europe in 2021 after a fight over Zynteglo's price, taking the region's only approved CALD gene therapy, Skysona, off the market with it.
Fall lesenBest World's China skincare accounting froze its shares: sales cash in personal accounts
SGX RegCo kept Best World suspended indefinitely after PwC found China sales proceeds parked in personal bank accounts and unexplained back-to-back deals.
Fall lesenAsiana's chairman forced out its caterer to raise cash — then flights ran short of meals
Kumho's chairman demanded a ₩160bn bond purchase from Asiana's caterer of 15 years, swapped in a JV whose factory then burned — and flights went hungry.
Fall lesenAsiana's auditor couldn't value the airline — chairman Park Sam-koo resigned
A qualified audit, a three-day trading halt and a restated 88.5% profit collapse forced Kumho Asiana's chairman to quit in March 2019.
Fall lesen123Milhas cancelled its Promo trips and offered only vouchers, not refunds
Brazil's discount travel site voided all September–December Promo packages and refused cash refunds — Senacon began weighing a fine and a sales ban.
Fall lesenWoolworths Holdings paid A$2.1B for David Jones in 2014 and sold it for about A$100M
South Africa's Woolworths Holdings bought Australia's David Jones for A$2.1B, wrote off more than A$1B, and sold it to Anchorage Capital for a reported A$100M.
Fall lesenTurkey arrested four over Vebitcoin hours after it halted all trading
The Turkish crypto platform cited unexpected demand and financial strain, halted all activities — and its administrators were arrested for fraud within hours.
Fall lesenUWM's dividend halt and $2B Oaktree rescue triggered a record 49% share plunge
United Wholesale Mortgage suspended its first-ever dividend, posted a $452M loss and took $2.05B from Oaktree — shares fell as much as 49%, a record.
Fall lesenMusk's 'significant backend' rewrite took Twitter down for five hours
Days after joking about disconnecting 'one of the more sensitive server racks', Musk's backend rewrite produced a five-hour global outage.
Fall lesenTweetDeck broke as Musk's tweet reading limits hit Twitter's power users
Days after Twitter capped reading at 600–6,000 posts a day, TweetDeck went blank for the power users and newsrooms that rely on it.
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