A famous whiskey brand files for bankruptcy: state governments offer tax incentives to prevent mass closures of distilleries
The whiskey, gin, and rum distillery has opted for bankruptcy protection to reorganize its operations. The spirits distilling industry has encountered various economic challenges since the Covid-19 pandemic receded. Demand for alcohol plummeted in 2023 and 2024, while operating costs and inflation continued to rise. Consequently, even major producers found it hard to stay financially … Read more