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