Thursday, November 2, 2023

https://ift.tt/NDx4Lom and loving it: Welcome to the lucrative world of undead brands

In 2019, Barneys New York went under. But its name lives on under a new owner that specializes in buying and recharging dying brands.

Remember Juicy Couture and Pier 1? They went under, but not all the way under. Someone still makes millions of dollars off these names. And the hunt for revivable brands is big business.

(Image credit: Spencer Platt/Getty Images)

Bankrupt and loving it: Welcome to the lucrative world of undead brandsIn 2019, Barneys New York went under. But its name lives on under a new owner that specializes in buying and recharging dying brands.

Remember Juicy Couture and Pier 1? They went under, but not all the way under. Someone still makes millions of dollars off these names. And the hunt for revivable brands is big business.

(Image credit: Spencer Platt/Getty Images)



from Technology : NPR https://ift.tt/6rM8tIv
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