Thodex cryptocurrency boss jailed for 11,196 years in Turkey for fraud
Faruk Fatih Ozer was found guilty of defrauding millions of dollars from investors in his collapsed Thodex platform.
2023-09-08 21:54
Investor Leon Black settles with US Virgin Islands over Epstein probe
Apollo Global Management Inc co-founder Leon Black paid $62.5 million to the U.S. Virgin Islands to avoid any
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Analysis-After Munger's death, Berkshire succession comes into focus
By Jonathan Stempel The death of Berkshire Hathaway's Charlie Munger heralds the end of an era, leaving Warren
2023-11-29 14:28
Cooking Pizza in Italy Is Costlier as Olive Oil Price Jumps
The cost of making a classic Pizza Margherita rose more than twice as fast as overall inflation in
2023-06-17 14:15
Analysis-Oil hedge funds place their bets on heat-fueled hurricane season
By Nell Mackenzie LONDON Bullish gasoline positions have hit their highest since the day Russia invaded Ukraine and
2023-08-08 15:28
IMF approves $189 million payment to Zambia after first programme review
JOHANNESBURG (Reuters) -The International Monetary Fund's executive board has approved an immediate $189 million disbursement to Zambia following its first
2023-07-14 08:20
6 of the worst ever rebrands as Elon Musk changes Twitter logo to X
People aren't best pleased with Elon Musk after he changed the Twitter logo to 'X'. On Sunday, the billionaire said he was looking to change Twitter's logo, tweeting: "And soon we shall bid adieu to the Twitter brand and, gradually, all the birds." In doing so, he unleashed a wave of criticism, with marketing professor Jean-Pierre Dube telling the BBC he thought it was a joke, asking why anyone would "throw away" such a recognised brand as Twitter's. Musk is extending the rebrand though, with plans to change the office sign. If the rebrand flops, Musk won't be the first to make a mistake. Sign up to our free Indy100 weekly newsletter Indeed, here are some other rebrands that failed to capture the public. 1. Royal Mail In 2001, UK postal operator Royal Mail decided to change its name to Consignia to stop it being associated solely with sending and receiving parcels. The introduction of the new name alone cost £1.5 million but it went down very badly. After around a year, the company reverted to its original name. The re-rebranding to Royal Mail reportedly cost the company a further £1 million. 2. Mastercard In 2016 Mastercard changed its logo and people weren't keen. So much so that Mastercard later decided to only use this new logo on corporate worldwide communications, and opted to keep their existing brand image. 3. Gap In 2010, the American clothing retailer Gap changed its logo, causing an immediate social media backlash. This backlash was so intense that Gap reverted to its original logo within just one week. 4. Weight Watchers In 2019 Weight Watchers renamed itself Wellness and Wellbeing to be more body positive. The new rebrand didn’t go well, drastically impacting the company’s bottom line, with a stock market earnings of less than half. Following the change, they reported a loss of 600,000 members. 5. Hershey's In 2009, the sweet chocolate confections company Hershey’s decided to rebrand. Sadly, their new logo looked like a smoking poo so make of that what you will. 6. Leeds United In 2018 Leeds United changed its logo and it was so unpopular over 77,000 people signed a petition to boycott the rebrand, causing a PR nightmare. Call us conservative, but maybe there is a case for keeping things as they are after all... Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.
2023-07-26 00:20
Wall Street’s Most Hated 3 Letters Prove Too Risky to Ignore
As the label “ESG” ends up among the most hated on Wall Street, the financial cost of ignoring
2023-08-17 02:59
Tinubu sworn in as Nigeria's president, under pressure over economy
By Felix Onuah and MacDonald Dzirutwe ABUJA Bola Tinubu was sworn in as Nigeria's president on Monday, facing
2023-05-29 19:58
Dollar General reappoints former CEO Vasos for second stint, narrows outlook
Dollar General brought back former chief Todd Vasos to replace CEO Jeffery Owen less than a year after
2023-10-13 06:27
Ex-minister urges Beijing to lead in setting global EV battery standards
BEIJING/SHANGHAI China should standardise requirements for electric vehicle (EV) batteries in order to keep its edge over other
2023-06-09 14:27
Texas mall shooter embraced Nazi ideology
The man accused of killing eight people at a Texas shopping mall recently obtained large Nazi tattoos, praised other mass shooters and wrote just ahead of his attack that he...
2023-05-10 00:19
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