Popular whiskey brand files for Chapter 11 bankruptcy
The whiskey, gin, and rum distillery files for bankruptcy to reorganize its business.
The spirits distilling industry has faced an array of economic issues since the Covid-19 pandemic subsided, which in some cases forced businesses to file for bankruptcy.
Distillers have reported a decline in demand for alcohol and spirits after recovering from the pandemic, beginning in 2023 and continuing through 2024.
