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RegExp("[?&]notifications=1(&|#|$)");"desktop"===y&&i&&b.test(window.location.search)&&(i.checked=!0)};ge("ybar-mod-notification",(function(e){var t={isUH3:"crunch"===e.getConfig().ytheme,notifContainer:document.getElementById("notification-container"),notifBadge:document.getElementById("notif-badge"),notifMenu:document.getElementById("ybarNotificationMenu"),notifMenuOpener:document.querySelector("#ybarNotificationMenu + label"),notifDropdown:document.getElementById("notifDropdownContainer"),tooltipContainer:document.querySelector(".".concat($n)),notifLabel:document.querySelector(".".concat(Xn))};t.notifDropdown&&so(e,t)}))}()}};]]>Kirk O’NeilFri, January 16, 2026 at 10:14 PM GMT+1 4 min readThe spirits industry has faced economic issues since the end of the Covid-19 pandemic that continue to mount.Among the reasons given for financial distress are the lasting effects from the Covid-19 pandemic, rising operating costs caused by inflation, decline in demand for alcoholic beverages and legal issues.A parade of distilleries marched to bankruptcy court in 2025, including Dorchester, Mass.-based craft spirits producer Boston Harbor Distillery, which on March 31 filed for Chapter 11 bankruptcy protection, seeking to reorganize its whiskey, rum, gin, liqueurs, and distilled beer business.Following Boston Harbor's filing was Portland, Ore.-based House Spirits Distillery LLC, the parent of high-end Westward Whiskey, which submitted its Subchapter V petition on April 6, 2025, in the U.S. Bankruptcy Court for the District of Delaware.Right behind House Spirits Distillery and Boston Harbor was San Antonio-based whiskey brand Devils River Distillery LLC, which filed for Chapter 11 bankruptcy protection on May 1, 2025, to reorganize its business and continue operating.Other distillery bankruptcies last year included SVG 26 LLC, the owner of the award-winning Bethel, N.Y.-based whiskey and vodka company, The Alton Distillery, which filed for Chapter 11 bankruptcy on Sept. 25 and Littleton, Colo.-based 52eighty Distilling Corporation, which filed for Chapter 7 liquidation on Oct. 14, 2025.Ohio-based A.M. Scott Distillery LLC also filed for Chapter 11 bankruptcy to reorganize on Dec. 22.Stoli initially filed for Chapter 11 bankruptcy.Shutterstock · ShutterstockAnd now, popular vodka and bourbon brands Stoli Group USA LLC and Kentucky Owl LLC filed motions to convert their Chapter 11 bankruptcies to Chapter 7 liquidation on Jan. 15, after failing to reach an agreement with their senior lender on terms that would allow them to emerge from Chapter 11 as going concerns.Control and management of the U.S. entities will transfer to a court-appointed trustee, who will oversee the liquidation process, according to a Stoli Group USA statement.Stoli Group USA and affiliate Kentucky Owl originally filed for Chapter 11 bankruptcy reorganization on Nov. 27, 2024, facing severe financial distress after defaulting on over $78 million in secured debt owed to Fifth Third Bank NA.The subsidiary of Luxembourg-based Stoli Group, which manufactures and produces vodka, bourbon, and other spirits to be sold in the U.S. and globally, blamed several challenges that led to its Chapter 11 filing, according to court papers.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,940.01 -4.46 (-0.06%)Dow 3049,359.33 -83.11 (-0.17%)Nasdaq23,515.39 -14.63 (-0.06%)Russell 20002,677.74 +3.18 (+0.12%)VIX15.86 +0.02 (+0.13%)Gold4,595.40 -28.30 (-0.61%)Trending tickersBTC-USD Bitcoin USD 95,050.25 -209.10 (-0.22%)ETH-USD Ethereum USD 3,310.11 +23.88 (+0.73%)XRP-USD XRP USD 2.05 -0.01 (-0.43%)BTC-CAD Bitcoin CAD 132,352.72 -291.16 (-0.22%)SOL-USD Solana USD 142.66 -1.65 (-1.14%)PortfolioSign in to access your portfolioSign inTop gainersIBRX ImmunityBio, Inc. 5.52 +1.57 (+39.75%)AGX Argan, Inc. 383.66 +54.00 (+16.38%)RIOT Riot Platforms, Inc. 19.24 +2.67 (+16.11%)ASTS AST SpaceMobile, Inc. 115.77 +14.52 (+14.34%)FIGR Figure Technology Solutions, Inc. 73.91 +8.99 (+13.86%)Top losersZGN Ermenegildo Zegna N.V. 9.56 -1.46 (-13.25%)SSL Sasol Limited 6.31 -0.84 (-11.75%)TLN Talen Energy Corporation 371.66 -47.41 (-11.31%)CEG Constellation Energy Corporation 307.71 -33.42 (-9.80%)GTM ZoomInfo Technologies Inc. 9.04 -0.96 (-9.65%)Most activeIBRX ImmunityBio, Inc. 5.52 +1.57 (+39.75%)ONDS Ondas Inc. 12.16 -0.66 (-5.15%)NVDA NVIDIA Corporation 186.23 -0.76 (-0.41%)INTC Intel Corporation 46.96 -1.35 (-2.78%)BBAI BigBear.ai Holdings, Inc. 6.12 -0.05 (-0.81%)Top economic eventsEarnings eventsMy earnings eventsEarnings events