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Sports Ibtimes.com.au 1 min read

Prime Drink's Australian Company Collapses Into Administration, Owing Millions With Just $85,000 Left

Prime Drink's Australian Company Collapses Into Administration, Owing Millions With Just $85,000 Left

News Description

Congo Brands Australia, behind Prime drinks, enters administration due to financial woes, with debts of $7.92 million and only $85,000 in cash. Legal actions and declining sales compound challenges.

The Australian arm of Congo Brands, the company behind Logan Paul and KSI's Prime sports and energy drinks, has collapsed into administration, with financial records showing millions of dollars in de… [+6337 chars]

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