Diesel USA
Once thought of as the brands of celebrities, Diesel fell on hard times. On March 5, 2019, the brand filed for Chapter 11 bankruptcy. To help with the growing deficits, the company decided to close down the physical shops due to a change in consumer shopping habits. Since the filing of the bankruptcy, the brand has managed to sneak its way into the shelves of department stores. Not only is it hanging by a thread, but the brand is hoping that by hosting pop-up shops that there will be a renewed interest.
Diesel
Things Remembered
In February of 2019, Things Remembered filed for Chapter 11 bankruptcy as the company found itself reporting loss after loss each quarter. This once-popular destination for personalized keepsakes, wedding, and graduation gifts could not seem to compete with online stores such as Etsy and Wayfair. Though there are still 176 stores open due to a buyout from an investor, fingers crossed that Things Remembered does not become a company forgotten.
Things Remembered
