With its dairy-heavy diet of curries and yogurt drinks, India seemed a likely place for French dairy company Danone to find success.
India is the world's top producer and consumer of dairy. In 2011, the French dairy company Danone (which goes by Dannon in the United States) hoped to capture some of that market by opening its own dairy division in the country. But seven years later, the company reversed course, shuttering its Indian dairy operations. Analysts attribute this largely to the very different structure of India's dairy industry compared to Europe or North America.
Nathan's Famous is best known for its American comfort food and its annual hot dog eating contest. But in an era of fake meat and health concerns, will Nathan's be able to secure a future for its humble hot dogs?
In 2006, Home Depot bought Home Way, a Chinese home improvement company. The 12 stores it gained in the acquisition marked the first time Home Depot had expanded beyond the U.S., Canada, and Mexico. But within six years, the company had closed all its stores in China. With a booming economy and strong real estate market, China seemed like an easy win for Home Depot. Watch this video to find out what happened.
Today, state-run lotteries contribute millions to state budgets, but some critics question how effective they are.
In 2010, the two major lottery organizations in the U.S. — Mega Millions and Powerball — struck a deal to sell both tickets in each others' states. States take major chunks of winnings in tax revenue, but some critics question the efficacy and ethics of using lotteries to bolster public coffers. Watch this video to find out more about America's lottery system.
In 2017, Italian eyewear behemoth Luxottica announced a merger with Essilor, a French lenses manufacturer. The $49 billion merger furthered Luxottica's entrance into all facets of eyewear, from design, to manufacturing, to retail. Though the merger was approved by several major international trade commissions, including the U.S.' FTC, some antitrust experts question if the move will help consumers, or entrench the industry standard in which glasses cost hundreds of dollars.
Since its founding, Luxottica has transformed glasses from a medical device to a fashion statement. Some now question if it has too much power.
Some of the top-selling car brands in the United States are Japanese — Toyota, Honda, and Nissan especially. But the reverse isn't true – General Motors, Ford, and Fiat Chrysler combined make up only 0.3% of the Japanese auto market. With strict regulations, strong local manufacturing, and a particularly Japanese way of retailing cars, the country will likely continue to be a difficult place for American automakers.