Alagesh Chelliah

Alagesh Chelliah

14-09-2022

07:11

Record Bankruptcy in US 1. Victoria's Secret declared bankruptcy. 2. Zara closed 1,200 stores. 3. La Chapelle withdrew 4391 stores. 4. Chanel is discontinued. 5. Hermes is discontinued. 6. Patek Philippe discontinued production. 7. Rolex discontinued production. 8. The world's

luxury industry has crumpled. 9. Nike has a total of $23 billion US dollars preparing for the second stage of layoffs. 10. Gold's gym filed for bankruptcy 11. The founder of AirBnb said that because of pandemic, 12 years of efforts were destroyed in 6 weeks. 12. Even Starbucks

also announced to permanently close their 400 stores. 13. WeWork isn't in a great spot either Nissan Motor Co. may close down in USA 1. Biggest Car Rental company (Hertz) filed for bankruptcy - they also own Thrifty and Dollar 2. Biggest Trucking company (Comcar) filed for

bankruptcy - they have 4000 trucks 3. Oldest retail company (JC Penny) filed for bankruptcy - to be acquired by Amazon for pennies 4. Biggest investor in the world (Warren Buffet) lost $50B in the last 2 months 5. Biggest investment company in the world (BlackRock) is signalling

disaster in the world economy - they manage over $7 Trillion 6. Biggest mall in USA (Mall of America) stopped paying mortgage payments 7. Most reputable airline in the world (Emirates) laying off 30% of its employees 8. US Treasury printing trillions to try to keep the economy

on life support 9. Estimated no. of retail stores closing in 2020 - 12,000 to 15,000. The following are big retailers that have announced closing: - J. Crew - Gap - Victoria's Secret - Bath & Body Works - Forever 21 - Sears - Walgreens - GameStop - Pier 1 Imports - Nordstrom

- Papyrus - Chico's - Destination Maternity - Modell's - A.C. Moore - Macy's - Bose - Art Van Furniture - Olympia Sports - K Mart - Specialty Cafe & Bakery and many many more Unemployment claims reached an all-time high of 38+ million - unemployment is over 25% (out of 160

million of work force, close to 40 million are jobless). With no income, consumer demand is falling drastically and the economy will go into a free fall. This is just USA...

We have Prophets of Dooms with Royal graduation from Harvard, Oxford, Cambridge, Chicago who believe in solo printing notes, no matter legal or illegal.


Follow us on Twitter

to be informed of the latest developments and updates!


You can easily use to @tivitikothread bot for create more readable thread!
Donate 💲

You can keep this app free of charge by supporting 😊

for server charges...