# Wood Industry

Succession Scandals and ESG Failures: The Slow Decay of China’s Flooring Giant Power Dekor

Once a dominant force in China's home furnishing sector, Power Dekor (DareGlobal) is facing a crisis characterized by revenue hitting an 18-year low, severe ESG rating downgrades, and a history of chaotic family infighting. The company's attempt to pivot into the battery foil industry remains unproven and is currently weighing down its already fragile balance sheet.