Consumer
Stoli Brand Vodka’s US Arm Files Chapter 11 Bankruptcy
- Stoli’s US unit said it’s experienced financial difficulties
- US unit listed assets of at least $100 million in court filing
Bottles of Stolichnaya vodka on the production line in Riga, Latvia.
Photographer: Jason Alden/BloombergThis article is for subscribers only.
The US arm of Stoli Group, the owner of Stoli brand vodka and Kentucky Owl bourbon, has filed bankruptcy.
Stoli Group (USA) LLC and an affiliate sought court protection Wednesday in Texas, listing more than $100 million in assets and between $50 million and $100 million in liabilities on its Chapter 11 petition.