- The liquor and wine model has filed for Chapter 11 chapter safety.
- That strikes comes after its financial institution filed an involuntary Chapter 7 chapter for the corporate.
- Courts should determine which course of shall be adopted.
Whereas the worst of the Covid slowdown has been felt by the craft brewery enterprise, it has additionally hit liquor and wine manufacturers. The closures haven’t been as pervasive, however a lot of manufacturers have skilled slowdowns and drops in gross sales.
“While the spirits industry has proven to be resilient during tough times, it is certainly not immune to disruptive economic forces and marketplace challenges, and that was definitely the case in 2024,”Distilled Spirits Council CEO Chris Swonger stated in his group’s annual financial report.
- Gross sales in the USA have been down -1.1% in 2024, totaling $37.2 billion.
- Volumes rose 1.1% to 312.2 million 9-liter circumstances.
- For the third 12 months in a row, the spirits sector maintained its market share lead in 2024. Spirits market share totaled 42.2%, with beneficial properties for greater than twenty years.
- The spirits sector has gained greater than 13 factors of market share since 2000. Every level represents $880 million in provider income.
These numbers are combined, which Swonger defined.
“Consumers were contending with some of the highest prices and interest rates in decades, which put a strain on their wallets and forced many to reduce spending on little luxuries like distilled spirits,” he stated. “Our sales dipped slightly but consumers continued to choose spirits and enjoy a cocktail with family and friends.”
Gallup.com has additionally confirmed that some generations are ingesting much less (whereas others are ingesting extra).
- 62% of adults underneath age 35 say they drink, down from 72% twenty years in the past.
- Conversely, ingesting has elevated amongst adults aged 55 and older.
- Younger adults are additionally ingesting much less ceaselessly and are much less prone to drink to extra.
Slowing gross sales contributed to a handful of Chapter 11 chapter filings within the liquor and wine areas. Now, one other firm that is a key a part of these industries has filed for Chapter 11 chapter safety.
Staggermeyer Stave information Chapter 11 chapter
Staggemeyer Stave will not be a model liquor and wine drinkers know, however the firm performs an important position in these industries.
The corporate describes its enterprise in a quite simple means on its web site.
Producing premium white oak barrel staves for the wine and whiskey business for over 50 years.
Staggemeyer Stave Firm
A family-owned firm, Staggemeyer Stave has a deep historical past.
“Staggemeyer Stave has its roots in Missouri, where H.E. Robertson began his venture and eventually operated a stave mill in Dubuque, Iowa. In 1958, he moved the mill to our present site near Caledonia, Minnesota, because of the abundance of white oak. Robertson’s original plan was to operate temporarily and leave when the oak ran out, but he underestimated the great wealth of premium white oak in the region. Fifty-plus years later, we’re still here in the midst of the oaks,” the corporate added.
Staggemeyer Stave filed for Chapter 11 chapter safety on Oct. 17 after an involuntary Chapter 7 petition was filed towards the corporate on October 3, 2025, by Decorah Financial institution & Belief Firm.
“Involuntary bankruptcy is a legal proceeding through which creditors request that a person or business go into bankruptcy. Creditors can request involuntary bankruptcy if they think that they will not be paid if bankruptcy proceedings don’t take place. They must seek a legal requirement to force a debtor to pay their debts,” in line with Investopedia.
Staggemeyer Stave Firm, Inc. chapter particulars
- Submitting Date & Courtroom: October 17, 2025, within the U.S. Chapter Courtroom for the District of Minnesota. PACER Monitor
- Case Quantity: 3:25-bk-33297
- Enterprise Profile: A family-owned producer of barrel staves, primarily serving the whiskey and wine industries.
- Property: Estimated between $1 million and $10 million.
- Liabilities: Estimated between $1 million and $10 million.
- Collectors: Between 50 and 99.
- Prior Authorized Motion: An involuntary Chapter 7 petition was filed towards the corporate on October 3, 2025, by Decorah Financial institution & Belief Firm. Inforuptcy
Current whiskey and wine business Chapter 11 filings
- Stoli Group USA / Kentucky Owl Bourbon: Filed Nov 2024; liabilities $50-100 million; cited cyberattack, model dispute, and weaker spirits demand. DistilleryTrail
- Classic Wine Estates: Filed July 2024; ~$400 million debt; promoting 30+ manufacturers and 11 wineries underneath Chapter 11. Reuters
- Home Spirits Distillery (Westward Whiskey): Filed April 2025; hit by spirits downturn and overcapacity. Elevenflo
- Devils River Distillery: Filed Might 2025; liabilities $1–10 million; Texas whiskey model restructuring underneath Subchapter V. Specific Information
