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Article Summary
  • Stoli Vodka and Kentucky Owl have filed for bankruptcy following a cyberattack and Russian seizures
  • The cyberattack on the companies resulted in millions of dollars lost in inventory and sales
  • Russian authorities have seized control of the Stoli vodka brand, leading to financial difficulties for the company
  • Kentucky Owl's bankruptcy filing was a strategic move to protect its assets and reorganize its finances
  • Both companies are facing challenges due to external factors beyond their control Tone: Informative and slightly negative
Check out the full article here.
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United States of America
  NTD     14 hours ago
Stoli Vodka And Kentucky Owl File For Bankruptcy Following Cyberattack, Russian Seizures
Two U.S.-based subsidiaries of the vodka producer Stoli Group have filed for Chapter 11 bankruptcy protection in Dallas, Texas, citing the fallout from a significant cyberattack, the Russian governments seizure of its remaining distilleries in Russia, and conflicts with creditors. The company that handles the import and distribution of Stoli-owned liquor brands in the U.S., […]
https://www.ntd.com/stoli-vodka-and-kentucky-owl-f...
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