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Key whiskey and wine industry brand files Chapter 11 bankruptcy
Yahoo Finance· 2025-10-20 00:03
The liquor and wine brand has filed for Chapter 11 bankruptcy protection. That moves comes after its bank filed an involuntary Chapter 7 bankruptcy for the company. Courts will have to decide which process will be followed. While the worst of the Covid slowdown has been felt by the craft brewery business, it has also hit liquor and wine brands. The closures have not been as pervasive, but a number of brands have experienced slowdowns and drops in sales. “While the spirits industry has proven to be ...