One notable example of a "household named" company that experienced a sudden demise is the retailer Toys "R" Us. In 2018, the company filed for bankruptcy and announced the closure of all its stores in the United States and the United Kingdom. The decision to liquidate the company's assets and shut down operations came as a surprise to many, leading to the downfall of a well-known brand that had been a staple in the toy industry for several decades. The demise of Toys "R" Us happened relatively quickly and had a significant impact on both employees and consumers.