Popular alcohol brands could be forced to sell off inventory after bankruptcy setback
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Alcohol giants Stoli Group USA LLC and Kentucky Owl LLC are liquidating their inventory in the U.S. after failing to reorganize under Chapter 11 bankruptcy protection. Creditors are requesting a court order to transition the cases to Chapter 7, which involves selling off assets to pay debts. Stoli Group, known for Stolichnaya vodka, and Kentucky Owl, a premium bourbon brand, have faced financial difficulties exacerbated by rising costs and a cyberattack that disrupted operations. The companies' bankruptcy filings date back to November 2024.
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