bankruptcy - BourbonSphere

From Scotland to California: John Campbell’s New Journey

John Campbell has long been regarded as one of Scotland’s best distillers, but he shocked the whisky world this week by leaving Scotland to join… Read More

John Campbell has long been regarded as one of Scotland’s best distillers, but he shocked the whisky world this week by leaving Scotland to join the tiny Sespe Creek Distillery in Oxnard, California. He’ll explain why he’s making the move to distill Sespe Creek’s Warbringer Bourbon in his first interview since moving to California on this week’s WhiskyCast In-Depth. In the news, Sweden’s Mackmyra Distillery has been bought out of bankruptcy, while Diageo is looking at options for a new Talisker Distillery on the Isle of Skye.

Episode 1078: October 13, 2024

Images courtesy Sespe Creek Distillery.

The 30 Days of Bourbon Challenge

September is National Bourbon Heritage Month, and the folks at Bourbon & Banter have a unique challenge every September. They want Bourbon lovers to taste… Read More

September is National Bourbon Heritage Month, and the folks at Bourbon & Banter have a unique challenge every September. They want Bourbon lovers to taste a different Bourbon each day during the month. If that sounds daunting, Bourbon & Banter founder Pops Garrett says it can be fun, too. We’ll talk with Pops Garrett about the Challenge on this week’s WhiskyCast In-Depth. In the news, Sweden’s Mackmyra Distillery has filed for bankruptcy, and we’ll get your views on whether this is a sign of things to come for the whisky industry.

Episode 1071: August 25, 2024

Sweden’s Mackmyra Distillery Files for Bankruptcy

25 years after a group of friends decided to get into the whisky business during an apres-ski hot tub party, Sweden’s Mackmyra Distillery has filed… Read More

25 years after a group of friends decided to get into the whisky business during an apres-ski hot tub party, Sweden’s Mackmyra Distillery has filed for bankruptcy. The petition was filed today in Gävle District Court, with a trustee to be appointed soon.

In a statement on the Mackmyra web site, chairman Petter Ski said the decision to shut down the distillery was not an easy one.

“It is with great sadness that we must state that it is unfortunately not possible to continue the company’s operations. The company management and board have struggled hard to come to terms with the company profitability and cash flow. Despite the fantastic work of both staff and management, it is still not possible to continue. Since I took over as Chairman of the Board just over a year ago, my focus, together with the newly appointed management and the Board, has been to find a long-term solution for Mackmyra, but I am forced to conclude that time has not been enough. I sincerely hope that the bankruptcy trustee now has the chance to do something constructive with the values in the company and secure the Mackmyra brand and its 25-year history.”

Mackmyra was known for its unique maturation warehouse in an underground mining cavern, along with its use of juniper and other native woods to smoke its barley. The company had just announced plans to return to the UK market in a deal with the Summerton Whisky Club.

This news was first reported by The Spirits Business.