• / Free eNewsletters & Magazine
  • / My Account
Home>UPDATE: 7 companies hurt by bad publicity

Related Content

  1. Videos
  2. Articles
  1. Auto Recovery Revving Up

    After a few false starts, the auto industry is finally hitting a setback-free recovery in 2012, according to Morningstar's Dave Whiston.

  2. The Friday Five: HP Progresses; Target Misses the Mark

    Plus, an under-the-radar retailer looks undervalued, B of A stays under scrutiny, and rate hike talk heats up.

  3. Stock ETFs Worth Sticking Around For

    Although the stock market isn't a screaming buy today, investors shouldn't completely abandon equities for bonds. Here are some stock ETFs that are worth a closer look.

UPDATE: 7 companies hurt by bad publicity

UPDATE: 7 companies hurt by bad publicity

08/22/2014

By MarketWatch, MarketWatch

The Sultan of Brunei is bidding for New York's Plaza hotel, along with London's Grosvenor House and the Dream Hotel in Lower Manhattan.

The offer comes amid a widespread boycott of some of the Sultan's other properties, following his recent decision to introduce Islamic, or Shariah, laws in his country. The new laws provide for such punishments as public flogging, amputations and death by stoning for a range of offenses from homosexuality to adultery and abortion.

Spurred by celebrities including Elton John, Ellen De Generes and Jay Leno, boycotts of the storied Beverly Hills Hotel and the Dorchester hotels in Europe have reportedly cost the Sultan (pictured) millions in lost sales and cancellations.

Here are some more examples of companies that have been battered by bad publicity.

-- Text by Tomi Kilgore, Ciara Linnane, Angela Johnson and Jennifer Booton

-MarketWatch; 415-439-6400; AskNewswires@dowjones.com

Dubbed "the Pink Palace", the 102-year-old Beverly Hills Hotel on Sunset Boulevard has housed many famous actors and musicians, from Rudolph Valentino to Marilyn Monroe and The Beatles. The hotel's exterior was featured on the album cover of The Eagle's "Hotel California".

blog comments powered by Disqus
Upcoming Events
Conferences
Webinars

©2014 Morningstar Advisor. All right reserved.