Stoli Group USA, maker of the budget vodka of the same name, has filed for Chapter 11 bankruptcy in the U.S. and is looking to realign its finances after a series of struggles.
The company said it is “experiencing financial difficulties” in its filing and has liabilities ranging between $50 million and $100 million. The company’s products will remain on store shelves through the process, and the bankruptcy filing only impacts the company’s U.S. business.
