Entrepreneurship
Stoli on the rocks: Geopolitics and cyberattack push vodka icon into Chapter 11
After a cyberattack disrupted operations and Russia seized its distilleries, Stoli Group USA faces a major crossroads in its U.S. business.
Stoli Group USA, the renowned vodka producer, has entered Chapter 11 bankruptcy proceedings in the United States, citing an array of financial and operational pressures, including geopolitical disputes, a recent cyberattack, and shifting consumer habits that have created a perfect storm of challenges for the company’s U.S. operations.
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