NEW YORK, Jan. 15, 2026 /PRNewswire/ -- Stoli Group announces that its 
two U.S. entities, Stoli Group USA, LLC and Kentucky Owl LLC, filed a 
motion to convert Chapter 11 into to Chapter 7. Control of these 
U.S. entities will be transferred to a court-appointed trustee, who will 
oversee the liquidation process. 
 
 
   This development affects only Stoli Group USA, LLC and Kentucky Owl LLC 
that filed for Chapter 11 protection in November 2024. All other U.S. 
and non-U.S. operations, including Louisiana Spirits, SPI Spirits 
(Cyprus) and global production facilities, are completely unaffected and 
continue normal operations. 
 
 
   A Quarter-Century of Unprecedented External Pressures 
 
 
   For more than 25 years, Stoli Group has been engaged in protracted legal 
disputes with the Russian state over brand ownership and control. Those 
pressures intensified sharply in recent years. After the company 
publicly condemned the invasion of Ukraine and voiced its support for 
peace, the Russian government designated Stoli an "extremist 
organization" in Russia. 
 
 
   This was swiftly followed by the confiscation and nationalization of 
Stoli's state-of-the-art distillery, an asset integral to the company's 
global production footprint. Soon afterward, Stoli was hit by a 
large-scale, sophisticated cyberattack that targeted its international 
operations and impaired systems vital to global distribution. 
Remediation efforts continue to this day. 
 
 
   The Chapter 11 Process 
 
 
   These geopolitical shocks, combined with a slowdown in the U.S. spirits 
market and a lack of support and flexibility from the Group's finance 
partners, led Stoli Group to file for Chapter 11 protection in November 
2024. Over the past thirteen months, the Group worked to construct a 
viable reorganization plan aimed at preserving jobs, stabilizing 
operations, and protecting long-standing commercial partnerships. 
 
 
   Despite those efforts and extensive negotiations, the Group was unable 
to reach an agreement with its senior lender on terms that would allow 
these two U.S. entities to emerge from Chapter 11 as a going concern. 
 
 
   Consumer Availability 
 
 
   We believe there is sufficient inventory of Stoli brands in the U.S. 
market to ensure consumers will be able to continue purchasing these 
products for the foreseeable future. 
 
 
   The global Stoli Group business continues to operate normally inside and 
outside the United States, with production facilities and distribution 
networks unaffected by this development. 
 
 
   About Stoli Group 
 
 
   Stoli Group was established in 2013 and is responsible for the 
production, management, and distribution of the Group's global spirits 
portfolio. Mainly known for the Stoli$(R)$ Vodka brand, Stoli Group has 
expanded its portfolio in recent years to appeal to premium on-premise 
and more sophisticated global consumers. Signature brands are: Stoli(R) 
Vodka, Elit(R) Vodka, Bayou(R) Rum, Kentucky Owl(R) , Villa One$(TM)$, 
 Gator Bite(TM) Rum Liqueurs, Cenote(R) Tequila, and Se Busca(R) Mezcal. 
With a presence across a network of more than 176 markets, Stoli Group 
works with a passionate team of 200 distributors around the world. 
Headquartered in Luxembourg, Stoli Group has production facilities 
in Spain, Italy, Argentina, and the United States some of which are 
steeped in history dating back to the early part of the last century. 
For more information, visit stoli-group.com. 
 
 
    View original 
content:https://www.prnewswire.com/news-releases/stoli-group-moves-its-two-us-entities-into-chapter-7-as-geopolitical-and-market-shocks-converge-302662542.html 
 
 
 
   SOURCE Stoli Group $(USA)$ LLC 
 
 
 
 
 
 

(END) Dow Jones Newswires

January 15, 2026 09:49 ET (14:49 GMT)