Popular craft liquor brand files for Chapter 11 bankruptcy
The craft liquor brand filed for bankruptcy to reorganize its business.
The U.S. spirits industry is warning that tariffs on spirits would extra curtail industry divulge after a year when revenues declined.
The industry maintained its market allotment but had a decline in revenues closing year, the Distilled Spirits Council of the U.S. reported in its annual economic briefing in February. Spirits seller gross sales declined 1.1% in 2024, totaling $37.2 billion, but volumes rose by 1.1% to 312.2 million 9-liter conditions.
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