Nike's DTC gamble: purging wholesalers cost Donahoe his job and $24 billion
Outsider CEO John Donahoe cut wholesale partners and leaned on lifestyle dunks — a $24B stock rout and his exit followed in 2024.
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Outsider CEO John Donahoe cut wholesale partners and leaned on lifestyle dunks — a $24B stock rout and his exit followed in 2024.
Lire le casThe UK and Ireland bar used hollow sugar to cut sugar 30%. Nestlé pulled it in late 2019 with no reason given; reports cited weak sales and distribution.
Lire le casCanada's top outdoor retailer lost C$11.5M on C$462M sales in 2018–19, with C$8M of restructuring, unsold inventory and members blaming over-expansion.
Lire le casKlarna's CEO admitted that prioritising cost 'lowered quality' after AI replaced support staff, and reassigned staff from other teams to handle customer calls.
Lire le casViral videos in August 2024 showed customers withdrawing against bounced check deposits; Chase sent 1,000+ letters and recouped about $580,000 in court.
Lire le casJBS USA launched Planterra and its Ozo brand in March 2020. In late September 2022 it filed a layoff notice, a week after touting a foodservice expansion.
Lire le casIntel passed on buying Nvidia for up to $20B and sank four years into Larrabee, the NYT reported; Nvidia is now about 30 times Intel's value.
Lire le casICICI Prudential's 2024 annuity offered a full refund on surrender; advisers collected upfront commissions and rewards, and 90% of policies were surrendered.
Lire le casBuilt on a $35M Monese bet to take on Wise and Remitly, Zing was closed in 2025 after a strategic review under HSBC's new CEO.
Lire le casIn April 2024 HSBC agreed to sell HSBC Argentina to Galicia for $550M, taking a $1B charge because peso swings kept distorting group earnings.
Lire le casReopening after lockdown, Haidilao lifted prices about 6%; boycott threats flooded Weibo, and the chain apologized, restored prices and discounted takeaway 31%.
Lire le casRobert Stiller writes in Fortune that he hired Larry Blanford in 2007 on intuition, without a shared vision; by 2015 the firm was sold to JAB.
Lire le casA Tokyo-listed maker of equipment manuals booked early and fictitious revenue from its 2016 listing; a January 2022 investigation led to delisting.
Lire le casCable laid two inches deep started surfacing; Google Fiber said fixing it meant rebuilding the network, so it shut down Louisville service on 15 April 2019.
Lire le casIn September 2024 Gogoro's founder-CEO stepped down as Taiwan probed scooters that allegedly used Chinese parts under local-content subsidies.
Lire le casThe Verge reported in May 2026 that GitHub had no CEO since 2025, lost leaders and engineers, and suffered major outages and a 3,800-repo breach.
Lire le casA Fortune column argues Berkshire's Geico under-invested in technology; since 2020 Progressive nearly doubled its policies and Geico shrank about 15%.
Lire le casIn May 2020 Frontier announced a 'More Room' fee from $39 a flight to block the middle seat; lawmakers attacked it and Frontier withdrew it two days later.
Lire le casSlow to pivot its money-losing compact lineup to SUVs, Ford shut all three Brazilian plants in January 2021 after a decade of losses.
Lire le casFour years of losses left K-beauty brand Etude with liabilities of ₩56.6B against ₩49.9B of assets — the only capital-impaired unit among AmorePacific's 37.
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