List of business failures

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This list of business failures collects significant companies who met the eventual demise of their well-known brand. The causes include corporate crime and simple insolvency, and are notable for their financial impact on the economy.

Contents

Prior to 1900 [edit]

1343–46

1900–1949 [edit]

1907 [edit]

1919 [edit]

1920 [edit]

1922 [edit]

1923 [edit]

1928 [edit]

1929 [edit]

1931 [edit]

1932 [edit]

1933 [edit]

1934 [edit]

1935 [edit]

1937 [edit]

1938 [edit]

1939 [edit]

1945 [edit]

1948 [edit]

1950–1979 [edit]

1952 [edit]

1953 [edit]

1956 [edit]

1956 [edit]

1957 [edit]

1959 [edit]


1961 [edit]

1962 [edit]

1963 [edit]

1964 [edit]

1965 [edit]

1966 [edit]

1967 [edit]

1969 [edit]

1970 [edit]

1971 [edit]

1974 [edit]

1975 [edit]

1976 [edit]

1977 [edit]

1978 [edit]

1979 [edit]


1980–1989 [edit]

1980
1981
1982
1983
1984
1985
1986
1988
1989

1990-1999 [edit]

1990 [edit]

1991 [edit]

1992 [edit]

1993 [edit]

1994 [edit]

1995 [edit]

1996 [edit]

1997 [edit]

1998 [edit]

1999 [edit]

2000–2009 [edit]

2000 [edit]

2001 [edit]

2002 [edit]

2003 [edit]

2004 [edit]


2005 [edit]

2006 [edit]

2007 [edit]

2008 [edit]

2009 [edit]

2010–present [edit]

2010 [edit]

2011 [edit]

2012 [edit]

2013 [edit]

See also [edit]

Bibliography [edit]

  • Deeson, A.F.L. (1972). Great Company Crashes. London: Foulsham. ISBN 0-572-00833-3. 

Notes [edit]

  1. ^ bankrupted in 1970; remained operating until 1976
  2. ^ Assets was sold on to a company who became STA Travel
  3. ^ Remained solvent until 1995.
  4. ^ Liquidation following conviction of its owner for drugs smuggling charges. Some of these assets was sold to its team's drivers Ray Bellm and Steve Neal, who both help to form Team Dynamics
  5. ^ As the brandname had a long history and strong heritage, it was acquired by the Volkswagen Group in 1998; Dauer Sportwagen acquired the license to the EB110 supercar, including 5 incomplete cars and a large majority of stocks; B Engineering acquired 21 unconstructed chassis to become the Edonis. Lotus Cars was acquired by owner, Romano Artoli in 1993 and was sold to Proton
  6. ^ Was later acquired by record store entrepreneur Mike Lloyd, who got the theatre up and running
  7. ^ Coddington was allowed to re-organize Boyds Wheels as the result of bankruptcy
  8. ^ Brandname was acquired by Halfords.
  9. ^ Self dissolved
  10. ^ Theatre was sold on and converted into two separate nightclub
  11. ^ All trademarks were later acquired by the World Wrestling Federation, and re-launched in 2006
  12. ^ Bought out by their chief rival, the World Wrestling Federation.
  13. ^ As a result of the collapse of Arrows, both companies was owned by Tom Walkinshaw
  14. ^ Japanese automotive tuning component manufacturer Tanabe soon acquired the company and some of the design molds, with the exception of some including its famous "Formula Mesh" lines which is trademarked to BBS.
  15. ^ Known for the Time and Tiny computer brands.
  16. ^ Administration, after failing to attract sponsorship.
  17. ^ closure due to lawsuit avoidance issued by Sony.
  18. ^ Notorious for the Nissan Skyline GT-R grey import vehicles scandal in 2006, business was closed for legal reason.
  19. ^ closure cause by lack of funds following the negative publicity from the ill-fated TGN1412 clinical trial
  20. ^ Circuit City first went into Chapter 11 in 2008, later it went to liquidation in 2009.
  21. ^ nationalisation, further article: 2008–2012 Icelandic financial crisis
  22. ^ nationalisation, further article: 2008–2012 Icelandic financial crisis
  23. ^ deposit business have been sold off to ING Direct, whereas the remainder is placed into administration
  24. ^ nationalisation, further article: 2008–2012 Icelandic financial crisis
  25. ^ further article: bankruptcy of Lehman Brothers
  26. ^ Administration, entered bankruptcy in January 2009.
  27. ^ Administration, all but 2 stores was closed down.
  28. ^ Shops were still allowed to open to clear stocks
  29. ^ Company has gone into court receivership

References [edit]

  1. ^ http://www.myvincent.co.uk/history/hrd.php
  2. ^ a b c Pritchard, Anthony (August 28, 2005). Sports Racing Cars: Expert Analysis of Fifty Motor Racing Greats. Haynes Publishing. ISBN 1-84425-138-1. 
  3. ^ http://www.durantcars.com/basics/history.shtml
  4. ^ http://www.pierce-arrow.org/history/hist5.php
  5. ^ Maynard, Micheline (2009-05-01). "A Primer on a Chrysler Bankruptcy". The New York Times. Retrieved 2010-05-08. 
  6. ^ a b Ralph Walker (2007). "Marusho/Lilac Company History". Marusho/Lilac Motorcycle Register (Marusho/Lilac). Retrieved 2005-05-05. 
  7. ^ http://www.starrfilm.com/articles/OdeToHodaka.html
  8. ^ "Registro Ufficiale Carrozzeria Touring Superleggera". Registro Internazionali Carrozzeria Touring Superleggera. Retrieved 2005-05-05. 
  9. ^ Walker, Mick (2002-11). Mick Walker's Japanese grand prix racing motorcycles. ISBN 978-0-9531311-8-1. 
  10. ^ a b c Planning for change: industrial policy and Japanese economic development
  11. ^ http://www.marriottworld.com/pieces/pieces18.htm
  12. ^ http://janhoo.com/skole/university/kaisha.html
  13. ^ a b http://timesbusiness.typepad.com/money_weblog/2008/06/post.html
  14. ^ "Petri Color 35 / 35E", Photoethnography.com. Article retrieved 2006-11-10.
  15. ^ http://goliath.ecnext.com/coms2/gi_0199-6301080/Eidai-goes-public-again-on.html
  16. ^ a b http://www.chevronracingcars.com/
  17. ^ "The Trans-1 Doahinji". 28 July 2007. Retrieved 2008-05-02. 
  18. ^ http://www.thecamerasite.net/01_SLR_Cameras/Pages/mamiyazm.htm
  19. ^ http://www.japanlaw.info/lawletter/aug84/dar.htm
  20. ^ http://www.japanlaw.info/lawletter/nov85/far.htm
  21. ^ http://openjurist.org/111/f3d/140/king-airway-company-v-routt-county-new-west-federal-savings-and-loan-association
  22. ^ http://www.mppusers.freeuk.com/company.htm
  23. ^ Hayes, Thomas C. (1 April 1989). "Mcorp Sues U.S. on Seizure And Files for Chapter 11". The New York Times. Retrieved 2010-05-08. 
  24. ^ http://www.nortonmotors.de/Anmerkungen%20gb.htm
  25. ^ http://speedhunters.com/archive/2009/01/02/retrospective-gt-gt-btcc-super-touring-years-pt-1.aspx
  26. ^ Baker, Lindsay (2001-11-10). "Wonderwalls". The Guardian (London). Retrieved 2010-05-08. 
  27. ^ a b Theatre Royal, Hanley
  28. ^ British Specialty Cars - Spectre R42
  29. ^ http://query.nytimes.com/gst/fullpage.html?res=9C06E6D71431F930A35750C0A96E958260 New York Times:Boyds Wheels to Cease All Manufacturing
  30. ^ "Troubled Company Reporter - BOYDS WHEELS: Third Quarter Report". InterNet Bankruptcy Library. December 18, 1997. 
  31. ^ "Troubled Company Reporter - BOYDS WHEELS: Reorganization Plan Filed". InterNet Bankruptcy Library. July 23, 1998. 
  32. ^ Daily Life (Life in Hong Kong)
  33. ^ Bagli, Charles V. (1998-12-27). "Novelty Gone, Theme Restaurants Are Tumbling". The New York Times. Retrieved 2010-05-08. 
  34. ^ http://www.boj.or.jp/en/type/press/danwa/dan9906a.htm
  35. ^ Patricia Jacobus (12 May 2000). "Pixelon issues sweeping layoffs after founder's arrest". CNET News.com. Retrieved 2005-05-05. 
  36. ^ a b "Retail collapse hits Japan's biggest bank". BBC News. 2001-09-16. Retrieved 2010-05-08. 
  37. ^ Bob Williams (17 May 2005). "Italia Connections' Bimota page". Italia Connections. Archived from the original on December 31, 2007. Retrieved 2005-05-05. 
  38. ^ Georg Neumann (2006). "Red card for the FIFA family". Transparency International e.V. Retrieved 2005-05-05. 
  39. ^ Staff writers (10 July 2002). "Claims Direct goes bust". BBC News. Retrieved 2005-05-05. 
  40. ^ Rajendra Datta (1 October 2007). "List of Ship Kits". Rajen's List. Retrieved 2008-05-02. 
  41. ^ a b http://www.statesman.com/business/content/shared/money/stories/clark/0805/080917consumer.html
  42. ^ Staff writers (30 May 2003). "Bust company sacks workers by text". BBC News. Retrieved 2005-05-05. 
  43. ^ Alan Cathcart. "Italjet's History: Tartarini's Tale". Motorcycle Sport & Leisure. Retrieved 2005-05-05. 
  44. ^ http://bankrupt.com/TCRAP_Public/031002.mbx
  45. ^ Staff writers (29 November 2004). "Courts to go into administration". BBC News. Retrieved 2005-05-05. 
  46. ^ "Court declares Parma FC insolvent". BBC News. 2004-04-28. Retrieved 2010-05-08. 
  47. ^ "Allsports enters administration". BBC News. 2005-09-27. Retrieved 2010-05-08. 
  48. ^ a b c "Morgan fashion chain collapses with loss of 620 jobs | Independent, The (London) | Find Articles at BNET". [dead link]
  49. ^ http://www.autoblog.com/2006/03/20/report-u-s-skyline-importer-motorex-shuttered-owner-jailed-on/
  50. ^ 0-60 Magazine article
  51. ^ Hawkes, Steve (2007-09-06). "Jobs salvaged with sale of Choices UKs wholesale arm". The Times (London). Retrieved 2010-05-08. 
  52. ^ http://www.scmp.com/portal/site/SCMP/menuitem.2c913216495213d5df646910cba0a0a0/?vgnextoid=cffde005addbc110VgnVCM100000360a0a0aRCRD&vgnextfmt=teaser&ss=asia&s=news
  53. ^ http://news.yahoo.com/s/ap/20090116/ap_on_bi_ge/circuit_city_bankruptcy
  54. ^ a b "Circuit City to stay open in bankruptcy". CNN. 2008-11-10. 
  55. ^ bloomberg.com: "Holley, Specialty Car-Parts Maker, Files Bankruptcy"
  56. ^ "Krispy Kreme's Hong Kong Franchisee in Liquidation (Update1)". Bloomberg. 2008-10-27. 
  57. ^ "Levitz furniture files for bankruptcy". abc7news. 2007-11-27. 
  58. ^ Anderson, Mae (2008-05-03). "Bankruptcy for Linens 'n Things". The Washington Post. Retrieved 2010-05-08. 
  59. ^ http://www.lifeofguangzhou.com/node_10/node_37/node_83/2008/11/12/122645551554835.shtml
  60. ^ "You Never Stop Paying for a Luxury Watch as Repair Costs Mount". Bloomberg. 2009-02-12. 
  61. ^ "Retailer Morgan in administration". BBC News. 2008-12-31. Retrieved 2010-05-08. 
  62. ^ http://www.am-online.com/news/story/Motor-World-goes-into-administration/42898199
  63. ^ Wallop, Harry (2008-12-31). "Morgan fashion chain latest retailer to collapse into administration". London: The Daily Telegraph. Retrieved 2008-12-31. 
  64. ^ "Officers Club deal saves 900 jobs". BBC News Online. 2008-12-23. Retrieved 2009-02-16. 
  65. ^ "Photography studio ceases trading". BBC News. 2008-12-30. Retrieved 2010-05-08. 
  66. ^ Photo Optix goes into administration (update) • Trading suspended • 12 UK stores close news - Amateur Photographer
  67. ^ http://www.creditgate.com/companysearch/RC+DEVELOPMENT+LIMITED.aspx
  68. ^ Barbaro, Michael (2008-02-21). "Sharper files for bankruptcy". New York Times. Retrieved 2010-05-08. 
  69. ^ "Shoe Pavilion Wins Approval to Hire Liquidators, Close Stores". Bloomberg. 2008-10-21. 
  70. ^ "Super Aguri go into administration". Autosport. 2008. Retrieved May 7, 2008. 
  71. ^ http://www.thestandard.com.hk/breaking_news_detail.asp?id=8121&icid=1&d_str=20081017
  72. ^ "Tuk-tuks to be taken off the road". BBC News Sussex. 19 January 2008. Retrieved 2009-05-03. 
  73. ^ "Tweeter disappear from Boston". The Boston Globe. 11/2/2008. 
  74. ^ http://www.thestandard.com.hk/breaking_news_detail.asp?id=7535&icid=3&d_str=20081009
  75. ^ Sibun, Jonathan (2008-12-30). "USC in administration: Sir Tom Hunter buys 43 stores". The Daily Telegraph (London). Retrieved 2010-05-08. 
  76. ^ "Zavvi placed into administration". BBC Online (BBC News). 2008-12-24. Retrieved 2009-02-16. 
  77. ^ Harrington, Ben (2009-06-27). "British A1 Grand Prix arm stalls". London: The Daily Telegraph. Retrieved 2009-06-29. 
  78. ^ "Recession topples Lacroix fashion house". The Independent (London). 2009-05-28. Retrieved 2010-05-08. 
  79. ^ AP (8 April 2009). "Germany's Karmann Files Bankruptcy". The New York Times. Retrieved 8 April 2009. 
  80. ^ Land of Leather goes into administration
  81. ^ Newspapers fight to stay alive with Chapter 11 filings
  82. ^ South Korea automaker files for bankruptcy
  83. ^ Sharma, Mahesh; Sainsbury, Michael (2009-01-29). "Strathfield goes into admin". The Australian. Retrieved 2009-02-16. 
  84. ^ "Wedgwood goes into administration". BBC News. 2009-01-05. Retrieved 2010-05-08. 
By region
Specific issues in the United States
Banking losses and fraud
Government entities
 
Government policy and spending responses
Banking and finance
stability and reform
Bank stress tests
Stimulus and recovery
Government interventions,
rescues, and acquisitions
Non-banking
Securities involved
and financial markets
Social responses
Other topics
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