Stoli Vodka Files for Bankruptcy in the U.S., Citing Financial Struggles
Stoli Group USA, the American division of the iconic vodka brand, has filed for Chapter 11 bankruptcy amidst challenges including declining demand, a significant cyberattack, and prolonged legal battles with the Russian government. In its filing, the company revealed liabilities ranging from $50 million to $100 million, citing “financial difficulties.” Despite the bankruptcy proceedings, Stoli…