10 Famous Brands That May Disappear Soon


6. Talbots

Many retailers have felt the blow of the recent recession but one of the most affected retailers is Talbot.  The shares of the company have seen a drastic drop from $26 five years ago to $2.50 at present. Sycamore Partners intend to buy Talbots but have already reduced its offer from $3.05 a share to $2.75 a share. According to the management of the company, it planned to close down almost 110 of its stores and also tried to find new CEO. 2008 revenue of about $2.8 billion reflected clearly that the customers have abandoned the Talbot stores. Experts wonder why Sycamore is planning to buy Talbot after its pathetic performance.

7. Current TV

One of the worst mistakes that Al Gore’s Current TV has ever done was to fire its revenue generating star, Keith Olbermann. Since then the company is struggling to have better ratings which went down by 70 percent after Eliot Spitzer replaced Olbermann.  The situation has gone so worse that the cable giant Time Warner Cable may discontinue carrying the channel due to the falling number of audience.

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