Stoli Group USA Files for Bankruptcy Following Cyberattack
Stoli Group USA has filed for Chapter 11 bankruptcy following a two-month cyber attack that disrupted its operations. The filing, which includes Stoli Group USA LLC and Kentucky Owl LLC, aims to allow the company to reorganize its debts while continuing normal operations. The cyber attack, along with broader industry challenges, has led to financial difficulties for the company. Despite the bankruptcy, Stoli Group plans to maintain its business operations and brand availability, with the restructuring process expected to conclude by mid-2025.
