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 further curtail industry growth after a year when revenues declined.
The industry maintained its market share but had a decline in revenues last year, the Distilled Spirits Council of the U.S. reported in its annual economic briefing in February. Spirits supplier sales declined 1.1% in 2024, totaling $37.2 billion, but volumes rose by 1.1% to 312.2 million 9-liter cases.