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Prominent European Vape Brand AROMA KING Accused of Owing Substantial Amounts to Chinese Suppliers

Business by 2FIRSTS, edited by Sophia
Apr.24.2024
Prominent European Vape Brand AROMA KING Accused of Owing Substantial Amounts to Chinese Suppliers
AROMA KING, a popular e-cigarette brand in Poland, faces financial crisis with millions owed to suppliers and employees unpaid.

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The information contained in this article comes from tips provided by internet users. FIRSTS is unable to verify the authenticity of this information and is simply providing industry trends and information quickly and widely.

If you have any objections to the content of this article or wish to communicate with us, please feel free to contact us via the following email address: info@2firsts.com.

This article is not responsible for the accuracy of the information disclosed. Readers should maintain rational thinking and carefully evaluate the information while reading.

 

Editor's note: The information disclosed in this article comes from insiders in the e-cigarette industry, involving the operational status of well-known brands in the industry. In the current highly competitive global market environment, companies face operational risks that must be addressed, whether in market expansion or supply chain management. The release of this information aims to alert related companies in the e-cigarette industry, enhance risk management awareness, and take proactive response strategies to avoid similar problems that may arise in the future, ensuring the industry's sustainable development and the stable operation of businesses.

 

Recently, according to multiple sources familiar with the matter who spoke to 2FIRSTS, the well-known Polish e-cigarette brand AROMA KING may be facing a crisis of financial chain breakdown, causing a large number of pre-ordered goods to be stranded in the factory and unable to be delivered.

 

The incident involves AROMA KING's OEM factory, suppliers, and logistics partners, with a significant amount of money involved. It is alleged that AROMA KING may have defaulted on approximately 80 million yuan (approximately 11 million USD) owed to a company in Shenzhen. Further revelations indicate that employees of this company have not received their salaries for three consecutive months.

 

AROMA KING, a brand well-known in Europe and certain regions of the United States, has collaborated with renowned brands such as Bugatti Veyron to launch co-branded products.

 

Prominent European Vape Brand AROMA KING Accused of Owing Substantial Amounts to Chinese Suppliers
At the InterTabac Exhibition in 2023, AROMA KING's booth |  Image source: 2FIRSTS

 

In response to this matter, 2FIRSTS has attempted to contact the company executive of AROMA KING in China for verification. However, as of the time of publication, an official response has not been received.

 

2FIRSTS will continue to closely monitor this matter. We welcome anyone with information to contact us, whether it be to share tips or to discuss the latest developments in the case.

 

Contact information: info@2firsts.com

 

Also Read:
[1] TPE24 | Interview with Aroma King: Boss Bar to Expand in US Nationwide in 2024
[2] Aroma King Unveils Car-inspired E-cigarette at InterTabac
#Europe#Poland#E-cigarettes#E-liquids#Market

We welcome news tips, article submissions, interview requests, or comments on this piece.

Please contact us at info@2firsts.com, or reach out to Alan Zhao, CEO of 2Firsts, on LinkedIn

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