THE GREAT COLLAPSE
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1- Victoria's Secret has declared bankruptcy
2- Zara closed 1,200 stores
3- La Chapelle withdrew 4391 stores
4- Chanel is no longer manufactured
5- Hermes will no longer be continued
6- Patek Philippe has stopped production
7- Rolex stopped production
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1- Victoria's Secret has declared bankruptcy
2- Zara closed 1,200 stores
3- La Chapelle withdrew 4391 stores
4- Chanel is no longer manufactured
5- Hermes will no longer be continued
6- Patek Philippe has stopped production
7- Rolex stopped production
8– The luxury industry of the world 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 – The AirBnb founder said that 12 years of effort was wiped out in 6 weeks due to the pandemic
9 - Nike has a total of $23 billion to prepare for the second phase of layoffs
10– Gold's gym filed for bankruptcy
11 – The AirBnb founder said that 12 years of effort was wiped out in 6 weeks due to the pandemic
12– Even Starbucks announced it would permanently close its 400 stores
13– WeWork isn't in a good position either
14- Nissan Motor Co. could close in the US
15– The largest car rental company (Hertz) filed for bankruptcy – it also owns Thrifty and Dollar
13– WeWork isn't in a good position either
14- Nissan Motor Co. could close in the US
15– The largest car rental company (Hertz) filed for bankruptcy – it also owns Thrifty and Dollar
16– The largest trucking company (Comcar) filed for bankruptcy – it has 4000 trucks
17- Oldest retail company (JC Penny) filed for bankruptcy - to be taken over by Amazon for pennies
18 – The world's largest investor (Warren Buffet) has lost $50 billion in the last two months
17- Oldest retail company (JC Penny) filed for bankruptcy - to be taken over by Amazon for pennies
18 – The world's largest investor (Warren Buffet) has lost $50 billion in the last two months
19 - The world's largest investment firm (BlackRock) is signaling disaster for the global economy - over $7 trillion under management.
20 – The largest mall in America (Mall of America) has stopped making mortgage payments.
20 – The largest mall in America (Mall of America) has stopped making mortgage payments.
21- The most prestigious airline (Emirates) laid off 30% of the workers.
22 – The US Treasury is printing trillions to keep the economy afloat.
23– Estimated number of retail stores to close in 2023 – 12,000 to 15,000.
22 – The US Treasury is printing trillions to keep the economy afloat.
23– Estimated number of retail stores to close in 2023 – 12,000 to 15,000.
Why doesn't the media tell you this? Why aren't there any posts about this? How many are still closing?
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