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.
Ler o casoThe 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.
Ler o casoCanada'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.
Ler o casoKlarna's CEO admitted that prioritising cost 'lowered quality' after AI replaced support staff, and reassigned staff from other teams to handle customer calls.
Ler o casoViral videos in August 2024 showed customers withdrawing against bounced check deposits; Chase sent 1,000+ letters and recouped about $580,000 in court.
Ler o casoJBS 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.
Ler o casoIntel 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.
Ler o casoICICI Prudential's 2024 annuity offered a full refund on surrender; advisers collected upfront commissions and rewards, and 90% of policies were surrendered.
Ler o casoBuilt 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.
Ler o casoIn April 2024 HSBC agreed to sell HSBC Argentina to Galicia for $550M, taking a $1B charge because peso swings kept distorting group earnings.
Ler o casoReopening after lockdown, Haidilao lifted prices about 6%; boycott threats flooded Weibo, and the chain apologized, restored prices and discounted takeaway 31%.
Ler o casoRobert 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.
Ler o casoA Tokyo-listed maker of equipment manuals booked early and fictitious revenue from its 2016 listing; a January 2022 investigation led to delisting.
Ler o casoCable 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.
Ler o casoIn September 2024 Gogoro's founder-CEO stepped down as Taiwan probed scooters that allegedly used Chinese parts under local-content subsidies.
Ler o casoThe 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.
Ler o casoA Fortune column argues Berkshire's Geico under-invested in technology; since 2020 Progressive nearly doubled its policies and Geico shrank about 15%.
Ler o casoIn 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.
Ler o casoSlow to pivot its money-losing compact lineup to SUVs, Ford shut all three Brazilian plants in January 2021 after a decade of losses.
Ler o casoFour 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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