Japanese cosmetic manufacturers have a strong reputation, especially in Asia and Europe. After years of trying to make inroads into the U.S., however, several are giving up and quietly pulling out of department stores. This is happening even as American and Japanese standards of beauty are converging, highlighting the difficulties foreign companies have in entering the U.S. market without a clear marketing strategy.
Akron-based Goodyear is one of the most globalized American companies. After all, it costs a lot to ship tires around the world, so setting up tire manufacturing where ever cars and trucks are made makes sense. Decades ago, the company was so proud of its global footprint that it set up a visitor center at its Akron headquarters complete with scale models of all its factories worldwide. There was even a full-time model expert who worked to maintain and create the sets. He's now retired, and the company is moving and no one knows what to do with the miniature models, a relic of a time past when being global was something special to crow about.
Some quick facts about the U.S. debtor, hit the graphic for more: