Farewell to Kombucha Town
Kombucha Town, a brand that attempted to compete with Coca-Cola and Pepsi, has declared bankruptcy after suffering millions in losses.
The company's goal was to become the third giant in the beverage industry with its ancient, fermented drink - kombucha.
Despite its unique product, Kombucha Town has filed for bankruptcy under Chapter 11 of the Bankruptcy Code, with a debt of $2.6 million.
It seems like an impossible odyssey to try to enter markets where the share has been absorbed by large companies for decades.
The cost of this venture has resulted in significant financial losses, marking the end of Kombucha Town's ambitious endeavor.
Author's summary: Kombucha Town declares bankruptcy.
- Debt: $2.6 million
- Bankruptcy filed under Chapter 11
- Attempted to compete with Coca-Cola and Pepsi