Realtime Worlds made Crackdown, then spent $100M on APB — bankrupt six weeks after launch
Realtime Worlds created the hit Crackdown, then spent five years and over $100M on APB — the MMO flopped and the company collapsed within weeks.
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3,222 CASOS PUBLICADOS · ATUALIZADOS REGULARMENTERegal Corporation, Japan's dress-shoe maker, cuts 110 jobs and closes its factory
Regal made leather business shoes for a shrinking market — it cut 110 jobs and closed its Chiyoda Shoes factory, booking a ¥618M loss in 2026.
Ler o casoRodan + Fields was a $4B skincare MLM — then 90% of consultants made nothing
Two dermatologists who created Proactiv founded Rodan + Fields as a $4B MLM — in 2024 they abandoned the model after FTC scrutiny and a $38M settlement.
Ler o casoSasebo Tamaya closes its main building after 106 years at the site
A Sasebo institution since 1920, Sasebo Tamaya shrank to one floor betting on a redevelopment that collapsed — the 9-storey flagship closed 31 January 2026.
Ler o casoSetagaya Shouji (世田谷商事), FitFit bunion-shoe chain, liquidated in 2026
FitFit sold bunion-friendly women's shoes from 50+ stores — COVID and falling demand left the ¥3B shell a 2026 special liquidation.
Ler o casoWenheyou drew 60,000 queue numbers on day one — and left Shenzhen in 2026
China's retro food-hall sensation — 60,000 queue numbers on opening day — retreated from Shenzhen in 2026 after five years of identity drift
Ler o casoShiseido's retirement plan draws 257 takers, 30% past the 200 target
Shiseido offered buyouts as China and the US slowed — 257 left against a 200 target, costing ¥3B in a year heading for a ¥52B loss.
Ler o casoSinnLeffers — the German womenswear chain that went bankrupt four times
SinnLeffers (Sinn) — a 175-year-old German womenswear chain — filed for insolvency four times between 2008 and 2024, cutting 1,500 jobs
Ler o casoSony's Betamax was superior — and Sony made sure nobody could buy it
Sony's Betamax was technically better than VHS — but Sony refused to license it, JVC licensed everything, and the better format lost.
Ler o casoTakashimaya Sakai, Osaka's first suburban department store, closes after 61 years
Opened 1964 as Osaka's first suburban department store, Takashimaya Sakai ran losses since FY2020 — lease expiry, not a plan, closed it in January 2026.
Ler o casoTed Baker was a £1B fashion brand in 2018 — by 2024 every store was closed
Ted Baker peaked at £1.1B in 2018. The founder's 'forced hugging' scandal, accounting errors, and COVID led to administration in 2024 and all stores closed.
Ler o casoTenbyten, Korea's long-running online shopping mall, closed in January 2026
Tenbyten, a Korean online mall that operated for 24 years, shut down in January 2026 as mid-tier e-commerce platforms collapsed.
Ler o casoThomas Pink was LVMH's British shirtmaker — then LVMH quietly walked away
Thomas Pink rose from a Jermyn Street shop to LVMH ownership — and crashed into £23.5M losses before being quietly sold off.
Ler o casoTPI borrowed $3.7B in dollars to build an empire — then the baht collapsed
TPI built Asia's first integrated petrochemical complex on $3.7B of unhedged debt — when the baht halved in 1997, it was Thailand's largest restructuring.
Ler o casoTSU Cosméticos closed its plant with 150 jobs at risk and wages unpaid
TSU Cosméticos, once employing 1,000 people, closed its Villa Lynch factory in 2019 after years of unpaid wages and layoffs.
Ler o casoVincent Paul Jewelry peaked at NT$598M on Chinese tour groups, then collapsed overnight
Taiwan jewelry store built for Chinese tour groups peaked at NT$598M in 2015. By 2018 it was empty, the owner charged with embezzling consigned watches.
Ler o casoKorea's first sour-ale brewery collapsed as drinkers switched to highballs
Wild Wave opened Busan's first craft brewery in 2017. Nine years later, with 93 creditors and a market halved, it filed for bankruptcy.
Ler o casoWIZWID (위즈위드), Korea's first overseas-shopping platform, shut down in 2026
WIZWID opened Korea's overseas-direct-buying market in 2000 and listed on KOSDAQ in 2007 — rivals with private brands left it down 66% and closed by 2026.
Ler o casoRipley's 'Días R' ads promised 'thousands of products' — a court ruled them misleading
Chile's appeals court fined the retailer over ads that said the discount covered thousands of products, when only the named brands were actually reduced.
Ler o casoMarvel's Avengers: Square Enix's $170–190M game sold 3M of a 5M target
Square Enix expected 5M sales by September 2020; the game sold 3M, and the HD games unit posted a ~$63M quarterly loss it blamed on Avengers.
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