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The distillation industry has faced a set of economic issues since the Covid-19 pandemic, forcing companies in some cases to provide bankruptcy.
I reported a distillation of the low demand for alcohol and lives after recovering from the epidemic, starting in 2023 and continued until 2024.
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In addition to the decrease in demand for demand, the patterns dealt with increased operating and inflation costs in the global economy.
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Some companies have faced some unique issues that forced them to bankruptcy.
Stoli Usa, which dances vodka and other lives, provided on November 27, 2024, to obtain bankruptcy of Chapter 11 after financial distress led to the failure to pay on $ 78 million of guaranteed debts owed to the third bank.
In addition to the low demand, increased operating costs and lending to the bank, Stoli said that severe data breach and Ransomware attack in August 2024 contributed to his decision to submit bankruptcy.
Detail file for bankruptcy
In the case of Lee Spirits Co. It is based in Colorado, which is a factory of excellent jinn, vodka and drunks, was too much Covid-19 to recover from it. On March 8, 2024, the debtor applied for bankruptcy of Chapter 11 after all operations were closed four days ago.
Lee Spirits said that she stopped her operations because she could not overcome the prolonged effect of Covid-19 and “constantly changing the industrial scene.”
Montana Distillery, which produces dozens of varieties of vodka, jinn and whiskey, has led to the bankruptcy of Chapter 11 on April 29 and the closure of operations four years after the transition to another city, in an effort to reduce expenditures and survive.
The debtor faced high costs and property taxes, and the revenue caused by the Covid-19 pandemic decreased when the works were transferred from Missola, Mont, to Stephenville, Mont.
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Boston Harbur cut bankruptcy files
Now the craftsmanship of the producer of the soul, Boston Port, which makes the whiskey, the rum. The jinn, the intoxicants, and the distilled beer to obtain protection from Chapter 11 of bankruptcy, are offered to reorganize its work.
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The Massachusters -based debtor submitted his seam on March 31 in the US Banking Court of Massachusetts, where it included from $ 500,000 to a million dollars of assets and $ 1 million to $ 10 million of debt.
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The largest debtor is Cheers Investment LLC, a debtor of more than a million dollars in personal investment. Among the other creditors are the northeastern bank, the Nutter McClennenen & Fish, and many companies in the drink distribution industry, according to the petition.
Boston Harbour Distillery was established in 2012 by Samuel Adams Burwer Boston, Rhonda Kallman, a pioneer in the manufacture of craftsmanship.
The distillation factory occupies a historic building in Dorsester, which was built in 1859 and includes a hot horse nail maker who presented both sides in the civil war. After that, the building was occupied by George Lali & Sun Swinard, and the ice cream factory.
In addition to its pioneering distillation, the company runs the Boston Harbor Cocktail Restaurant and Restaurant to distil it at the Boston Port Cocate Station at Logan International Station in partnership with SSP Travel America.
Boston Harbour Distillery Whisky New England, Demon Seed Whisky, Lawley’s Small Batch Gin, Lawley New England RUM, compact craftsman, Boston Harbor, coffee, Boston Boston Moratback Samuel Adams Bear.
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