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brands such as: 1- Victoria's Secret has filed for bankruptcy. 2- Zara has closed 1,200 stores. 3- La Chapelle has withdrawn 4391 stores. 4- Chanel is no longer in production. 5- Hermes has stopped working. 6- Patek Philippe has stopped production. 7- Rolex has ceased production. 8-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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