Jolt Cola files for bankruptcy

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This one's not recession related, but it is interesting: Jolt Cola filed for bankruptcy protection after experiencing problems sourcing new packaging. Jolt ordered 90 million "23.5 ounce resealable cans" from a supplier but has received just 30 percent of its order. The lack of supply forced Jolt to make alternate accommodations, and the resulting moves created a capital crunch that the company doubts it can fix.

No word yet on whether this will have any impact on Jolt's operations, although the lack of packaging would suggest Jolt becomes harder to find in the coming months.

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Timely Demise tracks the retail industry as it changes with our unprecedented economic environment. Published by David Wertheimer. Did I miss something? Drop me a line.

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This page contains a single entry by David Wertheimer published on September 30, 2009 2:55 PM.

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