Brands that Covid killed

[Texasmade]

I'm kind of shocked that Neiman Marcus hasn't died yet. They've been hanging by a thread for years even before Covid.

I know Gieves and Hawkes went into liquidation but don't know if they've shut down permanently yet. Kilgour shut down it's location on SR.

 

[HCapLonghorn]

Thomas Pink is another

 

[pendragon]

FWIW, Jack Welch set GE on the path to destruction.

 

[jack webb]

FWIW, Jack Welch set GE on the path to destruction.

Welch got an absurd retirement package that included a NYC apartment, fresh flowers delivered daily, use of a corporate jet, and other benefits his $417 million payout couldn't possibly be expected to cover. At some point this became controversial, and in a WSJ op-ed he claimed he would spurn some of the largesse because it seemed like the right thing to do. Of course looting the company seemed just fine prior to the bad publicity.

 

[Spinster Jones]

Thomas Pink is another

Read the announcement, but the website is still up, and their Instagram is still active?

 

[Texasmade]

Welch was also a ****** executive who only managed to do so well due to accounting tricks and taking advantage of a US boom. His actual management principles fucked over a lot of other companies when they were applied to other places.

 

[dieworkwear]

Would have been cool if he were the CEO of Welch's, the juice company, and looted them, fulfilling his name Jack Welch.

 

[stuffedsuperdud]

Would have been cool if he were the CEO of Welch's, the juice company, and looted them, fulfilling his name Jack Welch.

That or the parallel universe where they corner the market on eggplant, cucumber, and banana juice.

 

[chobochobo]

It's difficult to (buy and) use Tom Ford fragrances when you have no sense of smell. My anosmia preceded COVID19 by a couple a years, I blame catching a cold from a little girl sneezing and coughing a couple of rows in front of me during a flight. I have a reasonable collection including the big bottles, but haven't used them for years. I might go back to them later - I have some slight recovery enough for really noxious aromas but not enough to appreciate the fragrances, however right now I wear scrubs to and from work, and I think it's silly to wear fragrances with srubs. But that's just me. 🤷‍♂️

 

[Habanos706]

Massimo Bizzocchi appears to no loger be available.

 

[djohns7275]

FWIW, Jack Welch set GE on the path to destruction.

Check the share price of when he took over and when he left . Just because G E was mismanaged after Jack Welch doesn't me he set them on that path . Everybody has an opinion . You say he set them on a path to destruction i say he didn't . Warren Buffet and Bill Gated both stated that they admired Welch. In regard to other comments about the size of his payoff . It's small potatoes compared to the value he added to the company . After Welch left G E the mere mention that he might join a company as a board member sent the price of that companies shares upward . So I guess the market liked him as well.

 

[Phileas Fogg]

Trash talking someone who is dead and cannot defend himself any longer. Nice move.

 

[Texasmade]

Check the share price of when he took over and when he left . Just because G E was mismanaged after Jack Welch doesn't me he set them on that path . Everybody has an opinion . You say he set them on a path to destruction i say he didn't . Warren Buffet and Bill Gated both stated that they admired Welch. In regard to other comments about the size of his payoff . It's small potatoes compared to the value he added to the company . After Welch left G E the mere mention that he might join a company as a board member sent the price of that companies shares upward . So I guess the market liked him as well.

Of course the share price went up when he was there because he was playing accounting tricks. Once the tricks ran out under his successor the stock tanked.

 

[dieworkwear]

Trash talking someone who is dead and cannot defend himself any longer. Nice move.

Yes, if Jack Welch were alive, he would def come to StyleFourum dot net to defend himself

 

[djohns7275]

Of course the share price went up when he was there because he was playing accounting tricks. Once the tricks ran out under his successor the stock tanked.

Are you honestly trying to tell me that all the extra value Welch added was accounting trickery ? Welch used the same type of accounts that all the other leading companies in the world use and he used the same kind of accounting trickery that every other CEO uses .

If you really want to know why GE became so valuable and then crashed under Imelt's reign it's not that difficult to figure out . When Welch took over GE they made things . What many people don't realize is that when Welch left GE 80% of their profits cam from GE capital . GE was really a credit broker . It's that simple . Then the crash came and it was not a good time to be lending money . So what Welch did was very simple, during his reign there was a huge boom in debt . So he turned GE into a giant credit broker . So he did what Wayne Gretsky advises he skated to where the the puck was going not where it is . There was a boom in credit .G E got into the credit business . It was that simple . Whether Welch would have foreseen the crash I doubt and how he would navigated the problems that GE ran into nobody will ever know .

So don't believe all this nonsense about cooked books . Welch ran GE for a long time under his tenure it became the worlds largest company . Can you imagine the scrutiny the numbers were under . I've read all the stuff that eulogizes about Welch as well as the stuff that criticizes him . Then truth is more nuanced than A he cooked the books or B he was the greatest CEO ever . The truth is he turned GE into the worlds most valuable company by turning it into a finance broker . As I said 80% of GE's profits came from GE capital .That's the real hidden story .