Craft Gin Club has warned lenders that it cannot continue without a financial restructuring that will strip bondholders of promised free gin deliveries. The company is seeking a Company Voluntary Arrangement (CVA) to extinguish £4.2 million of debt in exchange for 18.3% of equity.
The U.S. spirits landscape has evolved far beyond the recognition of simply being the birthplace of bourbon. In recent years, we've seen a transformation in both the quality and individuality that the country's craft distilleries have been able to produce. While previous decades were dominated by the big-name distilleries, far more awards are going to craft distillers who have mastered the art of producing high-quality whiskeys, rums, gins, and more.
After getting engaged in 2013, we started kicking around a wild idea: What if we moved back and revived the prohibition-era distillery his family had owned three generations back? The family business had been passed down for decades until it closed in 1919 due to prohibition. In particular, we had on our hearts Andy's dad, who died of cancer in 2010, but had always said, 'Don't move home unless you have a real good reason to.' This felt like it just might be that real good reason.
Along with the challenges of operating any new business, making good bourbon takes time and expert craftsmanship. It's for this reason that many new "distilleries" aren't distilleries at all (non-distilling producers, blenders, rectifiers). Instead, they source bourbon and then sell it as their own. That's not inherently a bad thing, as some expertly blend whiskey or add extra maturation to create a genuinely impressive bourbon, but there is a clear difference.
"When we started Sugarlands, we didn't set out to build a big company. The idea was simple. Make great spirits, create a welcoming and memorable experience for guests at our Gatlinburg Distillery."
Bear Fight was founded in 2022 by Next Century Spirits co-CEOs Anthony Moniello and Rob Mason. They've already racked up a few big awards, including a Double Gold for their American Single Malt Whiskey at both the New York International Spirits Competition and the San Francisco World Spirits Competition (it's affordable and legitimately good stuff, particularly the single malt).
Stroll into nearly any Italian restaurant in the country and you'll likely get a glimpse at a row of oddly shaped bottles sitting in the oft-forgotten back bar. Those bottles contain grappa, a spirited sip most often enjoyed after a lengthy dinner when belts start feeling tight, when diners recline in their seats taking lazy last bites of half-eaten desserts.
One of the oldest recipes for a classic, pre-Prohibition whiskey sour calls for a simple mixture of sugar, lemon juice, and whiskey. While some renditions swap simple syrup in place of sugar or add an egg white to the recipe to give it a frothy body, another variation on this famous favorite, widely known today as the New York sour, includes a float of red wine.
Following what was a period of high sales and rapid expansion, the market is contracting for a number of reasons. Alcohol consumption has declined in recent years, for one thing, but international response to U.S. tariffs has also hit bourbon sales hard, with exports of the liquor dropping significantly in 2025. Many icons of American whiskey have been affected, with Brown-Forman - parent company to Jack Daniel's, Woodford Reserve, and Old Forester, among others - laying off a significant portion of its workforce.