Stoli Group USA, maker of Stoli vodka, has filed for bankruptcy due to slowing demand for spirits, a major cyberattack, and ongoing legal battles with Russia.
Category
🗞
NewsTranscript
00:00Pour one out for Stoli, as Stoli Group USA, the maker of Stoli Vodka, has filed for bankruptcy
00:06due to slowing demand for spirits, a major cyber attack and ongoing legal battles with
00:12Russia.
00:13The company reporting financial difficulties with liabilities between 50 and 100 million.
00:18But don't worry right now about your bar for this holiday season.
00:22Despite the Chapter 11 filing, Stoli Vodka, including its many popular flavors like orange
00:26and raspberry, will remain in stores as the bankruptcy only impacts its U.S. operations.