East India company goes bankrupt: Why did the Indian-owned luxury brand shut after 170 years
financialexpress.com/trending/east-india-company-goes-bankrupt-indian-owned-luxury-brand-shuts-down-170-years-after-empire-fell/4156481/
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Modern East India Company Faces Final LiquidationThe luxury brand ceased operations in 2025 after 15 years under Indian ownership, burdened by debts and unpaid taxes.
Key FactsFeb 27, 2026 · Reading time: ~45 sec.
Summary created with AI assistance · Source: financialexpress.com
Summary created with AI assistance · Source: financialexpress.com
- The East India Company was revived in the early 2000s as a luxury retailer after its 19th-century dissolution.
- Indian businessman Sanjiv Mehta purchased the brand and launched a high-end food and drink store in London in 2010.
- The company entered liquidation in October 2025 due to significant debts and tax liabilities.
- The Mayfair store is now vacant, and several affiliated companies tied to the brand have also been dissolved.
The historic East India Company built itself on aggression, but today’s East India Company is about compassion.— Sanjiv Mehta, in an interview with The Guardian (2017), describing the revival of the East India Company.
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when the revenue received from the sale of the goods or services produced cannot even cover the variable costs of production
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