Colorado-based Lee Spirits Co., a distiller of premium gin, vodka and liqueurs, on March 8, 2024, filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Colorado after shutting down all operations four days earlier.

Founded in 1971, bookstore chain Borders was forced to file bankruptcy and close all remaining stores by the end of 2011. The company, like many, did not pivot to online sales as fast as its competitors; between 2001 and 2008, it had even linked to Amazon instead of establishing its own online business.

Two U.S.-based subsidiaries of vodka maker Stoli Group have filed for bankruptcy protection in Dallas, Texas, after a damaging cyberattack, the Russian government’s seizure of its remaining distilleries in that country,

Stoli Group USA sought Chapter 11 bankruptcy protection in court last week. Affiliate Kentucky Owl also filed for bankruptcy on the same day, according to PacerMonitor.

The owner of Stoli brand vodka and Kentucky Owl bourbon has filed for Chapter 11 bankruptcy protection. Stoli Group's U.S. unit, which owns a dozen spirits and wine brands, listed more than $100 million in assets and between $50 million and $100 million in liabilities in its bankruptcy petition,

Stoli Group USA, the iconic vodka maker that rose to fame for its bold history, has filed for Chapter 11 bankruptcy, marking a significant financial downturn for the luxury brand. Known for its controversial origins,

Stoli Group USA, known for its vodka, files for bankruptcy. See what that means for the brand while it navigates the process.