Kentucky’s storied whiskey business is facing significant difficulties, with a number of distilleries filing for bankruptcy amid mounting debt, falling demand, and uncertain global trade conditions. Last month, LMD Holdings, the parent company of the Danville-based Luca Mariano Distillery, filed for Chapter 11 bankruptcy in the Eastern District of Michigan. Court filings show that LMD Holdings is burdened with a significant amount of debt, including a “likely claim of over $25,000,000” owed to its largest creditor.
Källa: Kentucky bourbon industry struggles as distilleries file for bankruptcy