Popular vodka and gin brand files for Chapter 11 bankruptcy
The vodka and gin distillery filed for bankruptcy after closing its business six months earlier.
The spirits distilling trade has confronted financial challenges which possess ended in industry closings and, in some cases, financial kill filings this twelve months.
Spirits seller sales within the U.S. declined 1.1% in 2024 to $37.2 billion, the Distilled Spirits Council of the US reported in its Annual Economic Briefing in February 2025. Slower sales ended in monetary issues and each now and then financial kill for companies.
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