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 industry has faced economic challenges that have led to business closings and, in some cases, bankruptcy filings this year.
Spirits supplier sales in the U.S. declined 1.1% in 2024 to $37.2 billion, the Distilled Spirits Council of the United States reported in its Annual Economic Briefing in February 2025. Slower sales led to financial issues and sometimes bankruptcy for companies.
