Jon Scott
on May 31, 2023
10 views
We are in the movie "The Fall" not only banks but also famous brands such as:
1- Victoria's Secret has filed for bankruptcy.
2- Zara has closed 1,200 stores.
3- La Chapelle has withdrawn 4391 stores.
4- Chanel is no longer in production.
5- Hermes has stopped working.
6- Patek Philippe has stopped production.
7- Rolex has ceased production.
8- The world luxury industry has collapsed.
9 - Nike has a total of $23 billion to prepare for the second phase of layoffs.
10- Gold's gym filed for bankruptcy.
11 - Founder of AirBnb says 12 years of effort were wiped out in 6 weeks due to pandemic.
12- Even Starbucks announced the permanent closure of 400 stores.
13- WeWork is not in a good position either.
14- Nissan Motor Co. may be closed in the US.
15- The largest car rental company (Hertz) filed for bankruptcy, it also owns Thrifty and Dollar.
16- The largest transportation company (Comcar) filed for bankruptcy, it owns 4000 trucks.
17 - The oldest retailer (JC Penny) filing for bankruptcy is acquired by Amazon for a few cents.
18 - The world's biggest investor (Warren Buffet) lost $50 billion in the last two months.
19 - The world's largest investment company (BlackRock) signals disaster for the global economy, more than $7 trillion is under management.
20 - America's largest mall (America's Mall) has stopped making mortgage payments.
21- The most prestigious airline (Emirates) has laid off 30% of its workers.
22 - The US Treasury prints trillions to keep the economy alive.
23- Number of retail stores expected to close in 2023 - 12,000 to 15,000.
Why does the media never talk about this? Why is there no post about this? How many more brands and companies are closed?
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