Breaking News: Fiji Water Declares Financial Troubles, Seeks $200 Million Federal Bailout
In a statement released Tuesday morning by Fiji Water Company LLC, CEO Stuart Resnick reached out to government officials in an attempt to secure assistance for his embattled enterprise. While the news of the second-biggest imported water brand's troubles has come as a shock to many, the statement details a host of concerns bubbling just below the surface. "We are overextended on credit and many of our bottling plants are underwater. We're circling the drain, but we're too big to fail." When reached for comment, one spokesperson for the company added "We just need some liquidity."