Beyond the golden jade, the defeat is among them. The "birth" of PPG really touched the business nerves of all business owners in the clothing industry, and also triggered the transformation of online direct selling mode in the clothing industry. However, the "indiscriminate bombing" in advertising marketing, the irresponsible "laissez-faire" in supply chain management, the "blind eye" with low competition barriers, and the "disregard" for users' poor shopping experience, and the "absurd and funny" winning cards of the poor public relations crisis show are few and far between, which are doomed to a fiasco.
Bankruptcy:
Legal bankruptcy refers to the closure of enterprises or shops due to losses. High taxes, recession and other reasons led to the closure of the company. The main reasons for the poor management and decline of enterprises are the unfavorable changes in the overall market demand: intensified competition, high cost structure, insufficient financial control, weak management, failure of large projects, few marketing activities, poor performance and low quality of acquisition business.