Business Facts

    Random Business Facts

    There are 75 Business Facts!

    Every year, Louis Vuitton burn all their unsold bags. They burn them in order to prevent them from being priced lower.
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    Ma Yu Ching’s Bucket Chicken House in Kaifeng, China is considered the world’s oldest operating restaurant, first opening in 1153 AD during the Jing Dynasty.
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    CEO takes over company worth $9m, fires management, gives power to employees, and now makes over $200m
    Ricardo Semler, a CEO in his twenties, took over a company worth $9m, fired most of the management, and gave the power to the employees. It now has a turnover of over $200m.
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    Instead of McDonald's tearing down a ~200-year-old Georgian mansion, citizens of a small NY town forced them to renovate it instead, resulting in a uniquely historic franchise location.
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    'Bimbo' is a brand of soft drink manufactured and marketed by Coca-Cola, Inc.
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    Yahoo! was originally called 'Jerry's Guide to the World Wide Web'.
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    The first female self-made millionaire in America was a black woman.
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    The first product that Sony came out with was the rice cooker.
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