Pizza chains across the country have been struggling to stay afloat over the last two years as they have faced several financial challenges threatening their existence. A common reason given for financial distress by restaurants in recent years has been the lingering effects of the Covid-19 pandemic in 2020.

SeaQuest, which operates several aquariums around the U.S. including a site in Folsom's Palladio at Broadstone, has filed to reorganize under bankruptcy protection as the chain struggles financially.

Stoli Group USA sought Chapter 11 bankruptcy protection in court last week. Affiliate Kentucky Owl also filed for bankruptcy on the same day, according to PacerMonitor.

Colorado-based Lee Spirits Co., a distiller of premium gin, vodka and liqueurs, on March 8, 2024, filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Colorado after shutting down all operations four days earlier.

Northvolt, a major Swedish battery maker, filed for bankruptcy in the U.S., seeking to restructure the debt it had taken on to pay for its rapid expansion.

Two U.S.-based subsidiaries of vodka maker Stoli Group have filed for bankruptcy protection in Dallas, Texas, after a damaging cyberattack, the Russian government’s seizure of its remaining distilleries in that country,

Stoli vodka and Kentucky Owl bourbon will continue to be available on store shelves while the company navigates the Chapter 11 process, which only pertains to its U.S. business.

Stoli Group USA, known for its vodka, files for bankruptcy. See what that means for the brand while it navigates the process.