Summary
A.M. Scott Distillery in Ohio filed for bankruptcy due to financial problems and a decline in alcohol demand in the U.S. Other American spirit companies face similar challenges, influenced by international boycotts and changing consumer habits. U.S. liquor exports have decreased, partly because of policy-driven boycotts linked to President Trump's tariffs.
Key Facts
- A.M. Scott Distillery filed for bankruptcy in the Southern District of Ohio.
- The company opened in 2022 and makes various spirits like gin and whiskey.
- A.M. Scott listed debts of $1 million to $10 million against assets of up to $500,000.
- Other distilleries like Boston Harbor Distillery and Stoli Group USA have also filed for bankruptcy.
- Jim Beam plans to pause production in Kentucky for enhancements until 2026.
- Only 54% of U.S. adults now say they drink alcohol, the lowest rate in 90 years.
- In 2025, Canada began boycotting U.S. spirits due to tariffs set by President Trump.
- U.S. spirit exports fell 9% in one year, with Canada having the largest drop at 85%.
