20 Brands & Products that Died in 2009

Discussion in 'Off Topic Discussion' started by chrisdina, Oct 2, 2009.

  1. chrisdina

    chrisdina
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  2. Fergal

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    Interesting list, thanks for sharing that with us chrisdina. Seeing such high profile brands disappear just shows how devastating the current recession has been.
     
  3. coolashish

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    omg it's really shocking to see this brands going down in such a short period of time may be recession is the reason
     
  4. seanstevens

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    and many others had to enter protection against bankruptcy: GM, Chrysler, Nortel, Fairchild Corp (Motorcycle gear), Lear Corp (Auto parts), Visteon Corp (Auto parts), Samsonite stores in the US & Woolworths in the UK after 100 years.... more will follow, the 2nd wave of insolvencies will come next year even with the world coming out of recession. Those companies that took out long term debt back in 2004-2005 when things were good will have to start paying it back in 2010-2011 (mainly private equity companies who went around buying up everyone a few years back).
     
  5. simplyjo

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    Thanks for sharing. Max factor is still going strong, atleast here in India. Is this list country specific ?
    Wow.. I didn't even know what MSN Encarta was until I read this..too late , Iguess, huh ?
     
  6. seanstevens

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    The list appears to represent North America.
     
  7. chrisdina

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    this is the link about Max Factor death in USA

    We won't be able to find Max Factor at the drug store in USA after this year. Procter & Gamble Co. announced it will discontinue distribution of the century-old brand in the United States in early 2010, due to small sales in an oversaturated American beauty market. Instead, P&G will turn its attention to building up Cover Girl domestically while continuing to sell Max Factor abroad, where it is reportedly a top-selling brand in twenty countries including big markets like Russia and the United Kingdom.
     
  8. dipcliper

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    that's very interesting list that you have there..just to share with even GM cars was almost bankrupt because of recession:)
     
  9. lelah_jones

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    Well, Interesting list, thanks for sharing that with us.I think those companies that took out long term debt back in 2004-2005 when things were good will have to start paying it back in 2010-2011.
     
  10. GekiDan

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    Encarta just died because all information are greatly available in the internet for free.
    And according to this article that have read, the main culprit is Wikipedia.
    I can see why did this happen.
    Most students always go to Wikipedia as their primary source of information, although lots of people belive that Wikipedia should not be trusted.
     
  11. Fergal

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    The impact of Wikipedia on Encarta is very interesting. Up until very recently, Encarta had many more users than Wikipedia, but the growth of Wikipedia, at the expense of Encarta was very rapid. When Wikipedia first launched there were lots of people who said that they would not survive because visitors would not trust the content on the site. How wrong they were! Web 2.0 is all about user-generated content and Wikipedia has been one of the most successful Web 2.0 sites.
     
  12. GekiDan

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    You are correct Fergal. I could suggest to students that they shouldn't use Wikipedia as their primary source of information. There are lots of misinformation on Wikipedia because of it's user driven content. But you can use it for getting an idea about the subject.
     

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