Biggest failures in business history
It is said that up to 50% of businesses fail within five years of inception. Most of these business start and end in obscurity. A few of them, however, start up with the verve of a cannonball, only to crash with equal fanfare. Some of the companies listed below, like Enron and DeLorean, exemplify this cataclysmic appeal. Others, like Pan Am and Woolworth’s, just tug at our heartstrings.
The 25 Worst Business Failures in History
25. Fashion Café
24. CBGB
23. The Edsel
22. Flooz.com
21. The Hit Factory
20. Betamax
19. SwissAir
18. Ponzi’s Security Exchange Company
17. Woolworth’s
16. Premier Smokeless Cigarette
15. Bre-X Minerals
14. IndyMac
13. Edison Records
12. Tucker Automobiles
11. Sharper Image
10. Washington Mutual Bank
9. Enron
8. Polaroid
7. Atkins Nutritionals
6. Bethlehem Steel
5. Pets.com
4. White Star Lines’ “Titanic”
3. Commodore Computers
2. DeLorean Motor Company
1. Pan Am
via businesspundit