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January 2, 2009

Some big brands bit the dust in 2008

  • Experts say more well-known brands may go this year as the recession puts more struggling companies on life support.
    • By LAUREN SHEPHERD and EMILY FREDRIX
    AP Business Writers

    NEW YORK — Shoppers won't be picking up ornate lamps from the Bombay Co. in the coming year. Or investing with Lehman Brothers and Bear Stearns. No flying to Hawaii on Aloha Airlines or buying ultra-cheap tickets on Skybus, either.

    All those names vanished this past year, victims of the economy, the financial meltdown or other factors. Experts say 2009 could mark the end of even more well-known brands as the now-yearlong recession puts more struggling companies on life support.


     
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