thestreet.com
www.thestreet.com
  • solrize@lemmy.world
    9·
    3 days ago

    Stoli USA, which distills vodka and other spirits, on Nov. 27, 2024, filed for Chapter 11 bankruptcy after financial distress led to a default on $78 million in secured debt owed to Fifth Third Bank NA

    • CharlesDarwin@lemmy.worldOPEnglish
      42·
      3 days ago

      And now craft spirits producer Boston Harbor Distillery, which makes whiskey, rum. gin, liqueurs, and distilled beer, filed for Chapter 11 bankruptcy protection, seeking to reorganize its business. The Dorchester, Mass.-based debtor filed its petition on March 31 in the U.S. Bankruptcy Court for the District of Massachusetts, listing $500,000 to $1 million in assets and $1 million to $10 million in debts.