AIB proposed making 70 branches cashless, then withdrew it: 'We got it wrong'
AIB proposed making 70 of its 170 branches cashless to 'future-proof' the network. After customer anger and a minister's complaint, its CEO scrapped the plan.
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300 AKTUELLE FÄLLE · REGELMÄSSIG ERGÄNZTAditya Birla Idea Payments Bank shut after 17 months; Vodafone Idea wrote off Rs 210 crore
The Grasim and Vodafone Idea payments bank called its economic model unviable in July 2019, ending the m-pesa merger and prompting an impairment charge.
Fall lesenXiaomi's India share slid from 31% to 12% after it traded aggressive pricing for margins
Xiaomi India ditched the aggressive pricing that made it No.1; by Q1 2026 its share was 12% versus 31% at the 2018 peak, and HQ replaced the India chief.
Fall lesenWOW Air's 60% annual growth on £150 fares ended in bankruptcy and stranded passengers
WOW Air grew to 37 destinations with transatlantic fares from £150 while revenue per passenger fell 20% — then equity talks collapsed and it shut in March 2019.
Fall lesenFSS ordered Woori and IBK to repay half of investors' Lime fund losses
Korea's watchdog held the two banks accountable for poor investor protection on ₩298.9B of Lime sales, ordering 50–78% repayments to specific victims.
Fall lesentvN's ₩50 billion space drama flopped to 2% ratings and knocked 15% off CJ ENM
Five years and ₩50 billion went into Korea's first space-set drama with two Hallyu stars — viewers left by episode two, and the stock prices followed.
Fall lesenWestJet admitted it wrongly refused refunds to rebooked passengers wanting out
After a CBC investigation, WestJet admitted it gave 'incorrect or inconsistent information’ by offering only credit, not refunds, to rebooked passengers.
Fall lesenWalmart shut all 51 Walmart Health centers in 2024 as the clinic math never worked
Walmart bet stores could host cheap primary care, but thin reimbursements and staffing costs sank the model — all 51 centers closed by 2024.
Fall lesenUnion Bank of India withdrew its ₹200-a-day Navratri dress code the day it took effect
The state-owned lender ordered staff into nine Navratri colours on pain of ₹200 fines, then withdrew the circular after a social-media storm.
Fall lesenStarbucks paid £20M to renegotiate leases and close UK stores as its cafe arm lost £17.2M
With UK foot traffic falling and drinkers switching to delivery, Starbucks booked a £17.2M loss in FY2018 and spent £20M shrinking its own store base.
Fall lesenRenault Korea launch videos used the 'Megalian hand' — boycotts and two apologies
A brand manager's finger-pinch gesture in Grand Koleos promos read as the 'Megalian hand'; Renault Korea yanked its videos, apologized twice, and suspended her.
Fall lesenOpenpay's BNPL platform went into receivership with cash flow $38M in the red
Australia's Openpay entered receivership and shut to new purchases after two quarters of deep negative cash flow, a $45M minnow beside Afterpay's $14.8B.
Fall lesenOla's '8 missed calls from mom' push notification backfired as terrible clickbait
To push 40% off at its Ola Dash grocery arm, Ola flashed '8 missed calls from mom' at users — and drew a backlash for panicking and hurting grieving customers.
Fall lesenNetflix's IT VP rigged vendor deals for kickbacks — convicted on 28 counts
For three years Netflix's VP of IT operations took kickbacks from nine vendors whose products — some with 'severe' performance problems — employees had to use.
Fall lesenMicrosoft doubled Xbox Live Gold's price and reversed itself within a day
The only platform charging for free-to-play multiplayer quietly doubled its fee to $120 a year mid-pandemic — then walked the whole hike back in 24 hours.
Fall lesenMergepoint abruptly halted its discount currency — court ordered it to compensate users
A Seoul court ruled operator Mergeplus, CEO Kwon Nam-hee and an affiliate must pay 148 users ₩200M over the abrupt 2021 withdrawal of most services.
Fall lesenMedikabazaar's board ousted co-founder Vivek Tiwari over fraud and misreporting claims
Board investigators found misappropriation and PwC found revenue-recognition issues; Series C investors filed a ₹278.7 crore indemnity claim.
Fall lesenMcDonald's admitted its prices had grown too high as every division's sales fell
After years of increases, McDonald's executives conceded in July 2024 that diners found prices too high — same-store sales fell in every division.
Fall lesenMax Brenner's Australian cafes went into administration owing about $50M
The 37-store, 600-staff chocolate cafe chain entered voluntary administration in 2018 while planning new openings — and already carrying roughly $50M of debt.
Fall lesenLululemon chased footwear and parkas, lost its leggings magic — and shares fell 80%
New CEO Heidi O'Neill inherits a Lululemon whose category expansion diluted its core: leggings down 20%, NA comps down 12%, share ceded to Alo and Vuori.
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