Backing away from just distilleries and their client base, so many other industries will have the same article written of them. A part of the post-mortem will read:
Far too many companies have "acquired" debt beyond their abilities to manage and pay. Extending the comment, far too many individuals and far too many nations have "acquired" debt threatening to or causing actual collapse.
Many comments on this thread are about which whiskey or bourbon is affordable to an individual Freeper. May that perspective be extended to include all the other manners in which we Americans take on debt and more debt.
Unpayable debt has been the cause of many collapses historically, from individuals to whole nations.
“...collapsing under the weight of mounting debt....”
Far too many companies have “acquired” debt beyond their abilities to manage and pay.
Because it looked good on the quarterly balance sheet, and kept the stock price up, and the bennies to the C-Level managers flowing. But now the bills are coming due.