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Craft Spirits Industry in Crisis | Raleigh News
The craft spirits industry is in freefall, with nearly 800 distilleries shuttered last year alone—despite a slightly softer overall market. Hope flickers around new products and RTD cocktails, but the harsh reality? Businesses are collapsing left and right. Blue Spirits Distilling, once a regional powerhouse with exclusive Tommy Bahama rights and assets worth $10–50 million, filed for Chapter 7 bankruptcy without restructuring, triggering asset liquidation and leaving local authorities watching the fallout. Their demise underscores the brutal squeeze on small distillers trying to survive in…
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