Furla stayed mid-market while the luxury market polarised — the middle disappeared
Furla accumulated €154M in debt as shoppers abandoned mid-tier bags for both luxury houses and fast fashion — a 2024 restructuring saved the company
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3,222 CAS PUBLIÉS · MIS À JOUR RÉGULIÈREMENTHarvey Nichols needs £60M to survive — from 'Ab Fab' to 'upmarket duty-free'
The UK luxury department store went from a pop-culture icon to an eerily quiet shop that bidders say needs £60M just to fund a turnaround.
Lire le casHoubigant perfumed Napoleon's court for 218 years — a licensing deal destroyed the legacy
France's oldest perfume house served Napoleon, filed Chapter 11 in 1993, then licensed its name to a company that watered down the perfumes.
Lire le casJeanswest Australia: the denim chain that failed twice and closed all its stores
Jeanswest was one of Australia's biggest jeans retailers. It went into administration twice — in 2020 and 2025 — and its last stores closed.
Lire le casKering closed 200+ stores as Gucci's sales slump pulled the group's profit down 93%
Kering shuttered 75 stores in 2025 and planned another 100 in 2026, as Gucci — which contributed 40% of group revenue — saw sales drop 22%.
Lire le casLinks of London had 28 stores and a royal warrant — then its parent lied about €1 billion
Folli Follie overstated revenue by €1 billion; Links of London, its UK subsidiary, went into administration and closed every store, losing 500 jobs.
Lire le casM&S's £300M ransomware attack — a cyber breach that nearly halved its profits
Marks & Spencer was hit by a ransomware attack over Easter 2025 that forced its online store offline for 46 days and wiped 55.4% off its half-year profit.
Lire le casMarubi rode China's eye cream boom to a ¥92 stock — then brand aging cut it down to ¥19
China's leading eye care brand soared after its 2019 IPO but lost 79% of its value as younger consumers saw it as a brand for their mothers.
Lire le casMinelli — a Marseille shoe brand that lasted 53 years, then lost to fast fashion
French shoe brand Minelli closed all 21 stores on 30 May 2026 — 86 jobs lost, second restructuring in three years failed to find a buyer
Lire le casMissfresh raised $2B, hit $3.2B on NASDAQ — then burned ¥12B and delisted
A Chinese fresh-food e-commerce unicorn that went from $3.2B IPO to $0 market cap in two years, burning through ¥12B+ of investor capital.
Lire le casMobilicity spent $243M on spectrum and was crushed by Canada's Big Three — sold for parts
A wireless startup the government created spent $243M on spectrum, couldn't grow beyond 5 cities, and was acquired by Rogers for $440M in a fire sale.
Lire le casMossack Fonseca built a business on secrecy — one leak destroyed it
The Panama Papers leak exposed Mossack Fonseca's shell-company empire. The law firm shut down two years later — its business could not survive transparency.
Lire le casMulberry lost its British identity chasing China — then lost £31.8M in a year
The handbag brand over-invested in Asia, neglected wholesale — UK sales dropped 20%, and a 2025 restructuring is closing stores and cutting costs 25%
Lire le casNirav Modi: A $4B banking fraud killed India's most glamorous luxury brand
The Nirav Modi jewelry brand had stores from New York to Hong Kong and dressed Hollywood stars. The PNB fraud turned the founder into a fugitive.
Lire le casNouba, Italy's pioneering makeup brand since 1978, entered liquidation in 2024
A Milan makeup artist built Nouba over four decades — a failed rescue by Virgo Cosmetics and a court liquidation undid it in months
Lire le casOkaïdi closed 57 stores and cut 244 jobs to escape judicial restructuring
French childrenswear brand Okaïdi entered redressement judiciaire in February 2026 — closed 57 stores, cut 244 jobs, exited Poland/Germany/Portugal
Lire le casPumpkin Patch was worth NZ$830M — then no one wanted its 180 stores
Pumpkin Patch grew from a mail-order catalogue to 180 stores and NZ$830M. In 2016 it was placed in receivership with NZ$76M debt and closed every store.
Lire le casQuiz Clothing collapsed three times in six years — the third time its stores shut for good
The Scottish occasionwear chain entered its third administration in Feb 2026 — 109 immediate redundancies, 40 stores closed by June, all retail jobs lost
Lire le casFosun bought shoemaker Sergio Rossi and starved it — revenue fell 30%, brand for sale
Fosun acquired the heritage shoe brand in 2019 as part of a luxury empire — but under-invested, sales dropped from €42M to €29.5M, and 180 jobs were cut in 2025
Lire le casShoe City shut all 39 stores — 74-year-old Baltimore sneaker name hit by lost vendor deals
The family-owned sneaker and streetwear chain that served Baltimore for 74 years filed Chapter 11 after its top vendor cut ties — all 39 stores liquidated.
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