YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Stoli vodka owner Stoli Group USA has filed for Chapter 11 bankruptcy.
Stoli Group, a unit of Luxembourg-based SPI Group, cited "financial difficulties." The filing lists between $50 million and $100 million in liabilities.
Stoli was sold as Stolichnaya – loosely translating to “capital city” in Russian – in the United States until 2022, when the name was shortened following Russia's invasion of Ukraine.
Read more from CNN.
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