Classic whiskey company closes and liquidates, no bankruptcy yet
The whiskey company is closing down its business and liquidating inventory.
The distilled spirits industry has faced economic challenges over the last year as high inflation suppressed demand for distilled liquor, as well as more expensive, premium bottles of spirits.
Spirit supplier sales in the U.S. declined 1.1% in 2024 for a total of $37.2 billion, while volumes rose 1.1% to 312.2 million 9-liter cases, the Distilled Spirits Council of the United States reported in its Annual Economic Briefing in February 2025.
