What a turnabout from a few months earlier, when Groupon was the talk of Wall Street. Then, Groupon was one of the fastest-growing companies in history, spurning $6 billion takeout offers from Google, preparing to go public at a valuation fo $25+ billion. And now everyone was talking about it running out of cash!
Noodles & Company (NASDAQ: NDLS) is a fast-casual restaurant headquartered in Broomfield, Colorado, that offers international and American noodle dishes, as well as soups, salads, and pasta. It was founded in 1995 by Aaron Kennedy. It grew from $300,000 in revenue in 1996 to $300 million when it went public in 2013.
COS opens in Sweden, and Monki and Cheap Monday in the UK. The H&M Incentive Program â a reward and recognition programme for all employees â starts. COS and Monki launch online shopping in 18 markets. H&M opens in Bulgaria, Latvia, Malaysia and Mexico, and via franchise in Thailand.COS opens in Finland, Italy, Poland, Hong Kong and Austria, and opens via franchise in Kuwait.The Monki brand grows in China and Weekday opens in the Netherlands.&M also opens in Estonia, Lithuania and Serbia. Indonesia becomes a new franchise market. H&M introduces online shopping in the US. The & Other Stories brand is launched in several European countries.