Mylan was forced to pay a $465 million settlement in 2016 after public and congressional outrage over its inflated pricing of the EpiPen, which is used by 3.6 million Americans to combat life-threatening allergic reactions.Īccording to data from Fortune, the company acquired EpiPen in 2007 and raised the wholesale cost of the injection device 500 percent, from $100 to $600 by spring 2016. Ouch: Biggest Product Flops From 20 Major Companies The changes proved successful, as the company reported $1.6 billion in sales in 2020 despite being rocked by Covid-related expenses. The chain also announced a menu overhaul, announcing that its food was now made with 'only real, whole ingredients' from its meats to its tortillas.

In an effort to change customers' perceptions, Chipotle retrained its staff, increased restaurant inspections and launched a massive new ad campaign in April 2017. The company posted its first ever quarterly loss in the first quarter of 2016, bleeding $26.4 million, and reported annual sales of $3.9 billion, down 13 percent from the year prior, according to Fortune. After the outbreak, Chipotle's (CMG) stock fell 40 percent from its all-time high. The chain made headlines when 60 customers in 14 states became sick after eating at the burrito restaurants. coli outbreak at some of the brand's restaurants in 2015. Chipotle Mexican grill will be partnering with Venmo for Nationa Chipotleįast casual food chain Chipotle struggled for a while to bounce back following a massive E.

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