The Sun - The alcohol industry has faced financial hardship in 2025, leading to several distilleries filing for bankruptcy as Americans are drinking at the lowest levels in history.
Several alcohol makers have been struggling with shifts in consumer behavior, including Jim Beam.
The alcohol industry has been hit with multiple bankruptcy filings, with A.M. Scott Distillery, a distillery in Troy, Ohio, following six other major distilleries seeking bankruptcy protection, according to USA TODAY.
Another filing came in August with Luca Mariano Distillery, located in Danville, Kentucky. Before that, two distilleries, JJ Pfister Distilling Co. of Sacramento, California and Devils River Distillery of San Antonio, Texas filed in May.
House Spirits Distillery of Portland, Oregon, filed for bankruptcy in April.
Two more companies declared bankruptcy in March: Boston Harbor Distillery of Boston, Massachusetts, and Lee Spirits Co. of Monument, Colorado.
Part of the reason behind these filings stems from a shift in consumer behavior as alcohol consumption in the U.S. is on a decline.
An August poll conducted by Gallup found that 54% of adults say they consume alcohol, which was down from 58% in 2024 and 62% in 2023.
Gallup said the 54% finding is “the lowest by one percentage point in Gallup’s nearly 90-year trend.”
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