Unizo's employee buyout beat a ¥3,100 bid at ¥6,000 — and went bust in 3 years
Unizo's EBO, funded by Lone Star, won a bidding war at triple the pre-bid price; three years later it defaulted with ¥126.2B in debt.
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300 RECENT CASES · REGULARLY UPDATEDUniqlo Korea sales fell 40% in the boycott; CFO's 'short-lived' gibe made it worse
Uniqlo's CFO called the Korea boycott short-lived; sales fell 40%, Fast Retailing apologised for the remark, and a central Seoul store shut.
Read the caseTATERU falsified 350 loan files — and had hushed a prior bank discovery
The listed apartment builder found 31 sales staff had doctored deposit records since 2010; an earlier bank discovery was written off as one person's misconduct.
Read the caseLotte shut its Lotteria chains in Indonesia and Vietnam after years of losses
Lotte GRS wound down Lotteria Indonesia (₩7B 2020 loss) and its Vietnam business (₩10B+ loss), closing the Vietnamese supply unit built in 2020.
Read the caseKyochon hiked chicken to ₩19,000 — then discounted, and the boycott held
After pushing a whole fried chicken toward ₩30,000 with delivery fees, Kyochon's discount week changed no minds: customers kept the boycott going.
Read the caseKPMG Australia paid $613K after 1,100 staff shared training test answers
From 2016 to early 2020, 12% of KPMG Australia's staff — including 250 auditors — shared answers to mandatory tests; the PCAOB fined it $613,000.
Read the caseCecil McBee, Shibuya 109's gyaru-era icon, closed all 43 stores in 2020
Japan Imagination shut every Cecil McBee store — 92 of its 105 shops overall — laying off 500 of 570 staff as the gyaru boom faded and COVID struck.
Read the caseING scrapped its CEO's 50% raise after customers fled and politicians blasted it
Hundreds of customers closed accounts over Ralph Hamers' proposed €3M pay; the supervisory board admitted it had 'underestimated the public response'.
Read the caseHDC and Mirae Asset forfeited their ₩250B deposit by walking from Asiana
The court ruled the HDC consortium could not claw back the ₩250B it paid for Asiana — and fined it ₩1.5B more for breaching the contract.
Read the caseHAAH's $250M SsangYong rescue bid collapsed without proof of funding
The US auto retailer's consortium claimed 280 billion won secured to buy SsangYong — but never showed KDB the letter of credit, and the rescue plan collapsed.
Read the caseDidcot Town's LED floodlight gamble cost it home crowds and bar takings
The Southern League club ordered cut-price LED floodlights from China to save energy; wrong instructions, unlightable pitch, matches moved, income gone.
Read the caseARN's axed Kyle and Jackie O show cost $26M in ad revenue and a 90% pay strike
ARN axed the Kyle and Jackie O show; advertisers fled on brand-safety fears, costing $26M, and 90% of shareholders voted down executive pay.
Read the caseAekyung's Buldak ramen-flavored toothpaste faced a recall — like its curry one
Aekyung's Buldak-ramen toothpaste faced a government recall for looking like food — the same problem as its 2020 curry-flavored version.
Read the caseVitamina bought 37 Brazilian preschools in 18 months — then put them up for sale
Three years after entering Brazil and buying 37 preschools, the Chilean chain is selling up with about R$50 million in debts — unpaid salaries and rents.
Read the caseVibrant's Chinese coal buy was falsifying accounts from the day it was acquired
EY's audit found Blackgold kept multiple sets of books, destroyed records and booked 2.05 billion yuan of fictitious sales — Vibrant wrote off the lot.
Read the caseUttam Galva's deal hunger left three Miglani steel firms in bankruptcy court
The Miglanis bought Lloyds Steel they could not digest; by October 2020 SBI had put Uttam Galva Steels and its Rs 7,469 crore debt before the NCLT.
Read the caseColombian MVNO Uff Movil went dark owing its network host US$2.8M
Uff Movil, Colombia's smallest operator with 81,000 users, suspended operations in July 2018 over 8bn pesos (US$2.8M) of unpaid network fees owed to Tigo-UNE.
Read the caseProvidoor collapsed owing $6.3M, defaulting on $4.4M in gift vouchers
Shane Delia's lockdown-era restaurant delivery platform entered administration, leaving thousands of gift-card holders and popular restaurants unpaid.
Read the caseOsstem Implant: fund manager embezzled ₩188B, 91.8% of equity, stock frozen
One fund-management employee at Osstem Implant allegedly stole ₩188B ($157M) — 91.81% of equity — and Korea froze the stock on 2022's first trading day.
Read the caseNas Academy's Whang-Od tattoo course ended in apology and a voided thumbprint contract
Nas Academy leaned on a thumbprinted contract for its Whang-Od course; the indigenous commission found no real consent, and the firm apologized and voided it.
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