Stoli’s challenge with the Russian government has escalated with criminal charges against founder Yuri Shefler, further complicating the company’s operations and financial health.
The cyberattack has critically hindered our production capacity, forcing us to rely on manual operations for months and disrupting our distribution chain.
Losing our last distilleries in Russia, valued at $100 million, was a significant blow to our global operations, exacerbating our existing challenges.
We are operating in a perfect storm of issues: geopolitical tensions, legal battles, operational disruptions, and shifts in consumer behavior impacting our market position.
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