Stoli Group USA Files for Bankruptcy Amidst Financial and Operational Turmoil

The vodka giant cites declining alcohol demand, a severe cyberattack, and prolonged legal battles with Russia as key factors in its Chapter 11 filing.

Stoli Group USA has filed for Chapter 11 bankruptcy, listing $100 million to $500 million in assets and $50 million to $100 million in liabilities.
The company has faced a significant drop in alcohol demand since 2023, compounded by post-pandemic consumer shifts and rising operational costs.
A ransomware cyberattack in August 2024 disrupted global operations, forcing the company to operate manually and delaying full system recovery until at least early 2025.
Stoli has been embroiled in a 23-year legal conflict with the Russian government, which escalated in 2024 with the seizure of its last two distilleries in Russia, valued at $100 million.
The bankruptcy filing only affects Stoli's U.S. operations; its products, including Stoli vodka and Kentucky Owl bourbon, will remain available as the company restructures.