Story perspectives
Alcohol Consumption Plummets as Distilleries Face Bankruptcy
1/22/2026
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Story summary
- The share of Americans who drink fell to 54% from 67% in 2022.
- Fifty percent of young adults report alcohol use.
- Stoli Group and Kentucky Owl filed for bankruptcy.
- Creditors urge converting Chapter 11 to Chapter 7 to liquidate assets.
- Jim Beam paused production at the Clermont distillery for 2026 to make improvements, while continuing operations at other facilities.
