East India Company Shuts Down Again After 2010 Revival as Luxury Retailer

The East India Company, originally a British trading firm that played a key role in colonizing India before its 1857 dissolution, has shut down again after its 2010 revival as a luxury retailer in London. Owned by Indian entrepreneur Sanjiv Mehta, the modern company entered liquidation in 2025 due to debts and unpaid taxes. The revival was seen by some as symbolic redemption, but the company’s legacy remains controversial due to its historical exploitation and impact on India.