10 of the world’s oldest companies
Published on July 21st, 2009 | by Admin0
Kong? Gumi Co., Ltd, just saw the end of its long run a couple of years ago. Up until 2006, the Japanese construction company had been going strong since 578 A.D. Yep, you read that right – 578 A.D. The company was primarily involved in building temples but also had a stint building coffins during WWII. Things started going downhill in the ‘80s, when they borrowed a lot of money to invest in real estate. By 2004, revenues were way down, and by 2006, they were $343 million in debt and ended up being absorbed by Takamatsu construction.