When a big business buys a beloved brand then changes the product, lowers the quality, or shutters the company altogether, consumers aren’t the only ones who feel the sting — the founders themselves often regret selling.
When a big business buys a beloved brand then changes the product, lowers the quality, or shutters the company altogether, consumers aren't the only ones who feel the sting — the founders themselves often regret selling.Many founders in the beauty and fashion spaces have said they regret selling their successful brands to bigger companies, and they aren't alone.
'Even if it's a small private company that may never grow big, if you're a dry cleaner, share,' Cuban said in a 2020 interview with LinkedIn editor-in-chief Dan Roth. 'Your employees will work harder. They'll recognize that they're an owner. They'll have a completely different perspective.'Common Trust says EOTs offer a high-performance, legacy-aligned pathway to keep beloved companies in business long-term.