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3d ago

Luca Mariano Distillery Parent Seeks Chapter 11 in Latest Kentucky Whiskey Bankruptcy

Growing debt coupled with faltering sales has pushed another distillery into reorganization.

Bottles of whiskey sit on a shelf at whiskey store, March, 15, 2025.
Brown-Forman plans to outsource barrel production, aiming to save $70-$80 million annually amid a struggling bourbon market. (AP Photo/Toby Talbot, File)
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This January, Jack Daniel's parent company, Brown-Forman, announced that 12 per cent of its workforce was being let go. Image for representation.

Overview

  • LMD Holdings, owner of Danville’s Luca Mariano Distillery, filed for Chapter 11 in the Eastern District of Michigan last month, citing more than $25 million in creditor claims.
  • Garrard County Distilling entered receivership and shut its doors in April after failing to resolve unpaid debts.
  • Brown-Forman announced 12 percent workforce cuts and closed its Louisville cooperage in January amid cost pressures.
  • Campari Group reported an 8.1 percent year-over-year sales decline for Wild Turkey and Russell’s Reserve due to a soft U.S. market.
  • Industry leaders warn mounting debt, shifting consumer tastes and export tariffs are straining Kentucky’s $9 billion bourbon sector.