Big companies that went bust

Society Business and Career
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Re: Big companies that went bust

Kodak is in danger of getting bust

WorldCom was one of the companies who went bust but were big!

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Re: Big companies that went bust

^ good ones.

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Re: Big companies that went bust

Kodak? really? i guess the same problem, they might not have moved with the fash changing technology ..

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Re: Big companies that went bust

Piling on lots of debt, going on an insatiable acquisition spree, too much goodwill in the balance sheet, huge unfunded pension liabilities are the harbinger of bad times ahead for a company.

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Re: Big companies that went bust

Satyam Computers from India. One of the leading IT firms went bust due to fraud by founder CEO. It was taken over by Mahindra and renamed as Mahindra Satyam

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Re: Big companies that went bust

Greed and incompetence as well as not keeping up with the changing trends in the technology and retail enviornment moving from high street to online.

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Big companies that went bust

I thought clintons was still open and also tj huges. Also woolworths has made a come back as an online toy store. :chai:

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Re: Big companies that went bust

Clintons went under, some of its shops were bought by other companies who are still running them under the same name. Woolworths online name was bought by another company when they went bankrupt. This is not the same company. Woolworths as we know it doesnt exist anymore. Comet’s online business has also been bought by someone. That does not mean that this Comet will be trading in future. :chai:

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Re: Big companies that went bust

Very true.

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Re: Big companies that went bust

The big retail companies to go bust in UK in 2012:

Who’s Gone Bust in November - Centre for Retail Research, Nottingham UK

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Mittal Steel may well be on its way. Mittal went on acquistoon spree at high prices piled on debt. Iron ore is expensive steel prices have dropped balance sheet weak.

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They had difficult times but Range rover, Rolls royce and Aston martin bounced back very well.Thanks to the great products and keeping market demand in mind.They are very much in demands.

PIA.
Pakistan Railways.

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Re: Big companies that went bust

Also Jaguar has bounced back very well.

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Jaguar was acquired by Tata motors abt 5 yrs ago at peak of mkt. I thought they overpaid.

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I am not sure if they over paid for it but they surely have revived it.

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^ good point.

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jessops the camera retailer has gone into administration since yesterday. 192 stores have been closed and close to 2000 people have lost their jobs. Another casualty of consumers switching to buying online.

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Have been wrong on Amazon all these years. Amazon has put lots of companies out of business. Or brought them to the brink.

It is a good bet that Sears ( Sears Kmart) would go under.

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Nortel

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Re: Big companies that went bust

surprised no ones mentioned HMV. That was quite a big one.