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HomeWhiskeyWill Stoli Group’s chapter floor Kentucky Owl?

Will Stoli Group’s chapter floor Kentucky Owl?


Current releases of Kentucky Owl and Wiseman whiskies weren’t constructing model confidence both. What made the Kentucky Owl bourbon created by founder Dixon Dedman and companions Mark and Sherri Carter so improbable had been deep shares of uncommon, previous and high-quality sourced barrels. Both these dried up…

Will U.S.-based Stoli Group’s bankruptcy ground Kentucky Owl?

A current e-mail greeting line from the Mark Brown E-newsletter put it this fashion: “Apologies for breaking into our U.S. readers’ Thanksgiving vacation.”

Had “vacation” been adopted by a comma as an alternative of a interval, the sentence may need ended with, “however you’ll have an interest this, even when it’s important to stroll away from the turkey.”

The publication’s lone merchandise was a Bloomberg.com story headlined thusly: “Stoli Model Vodka’s U.S. Arm Recordsdata Chapter 11 Chapter.”

Should you don’t know, Stoli is the modernized, quick title (and thumb in Vladimir Putin’s eye) for Stolichnaya, one of many world’s largest vodka manufacturers. Stoli Group is a state-side holding firm for the vodka megabrand, together with mezcal, tequila, rum gin manufacturers—and two whiskey manufacturers, Wiseman and Kentucky Owl. For the whiskey-loving viewers studying this, we’ll give attention to these two.

It didn’t take lengthy earlier than whiskey trade watchers took to social media to share a predictable lack of shock. For a while now, individuals geared up with eyes, ears and a correct dose of skepticism have identified that issues weren’t shifting ahead at Kentucky Owl’s proposed distillery and that its whiskey releases—virtually something made after the sale by companions within the resurrected model—have been lackluster.

To the plain clue: The 420-acre rock quarry web site in Bardstown, Ky., the place Stoli pledged to construct a distillery and customer expertise for Kentucky Owl, seems to be little modified since its 2017 press announcement. Artist renderings (click on right here to see them) of the expertise included scenic ponds, strolling paths and pyramids. Sure, pyramids.

In a DistilleryTrail.com story from again then, SPI Group proprietor Yuri Schefler stated this in regards to the new expertise: “We’re trying ahead to Kentucky Owl Park being the subsequent masterpiece from Shigeru Ban Architects, who convey an unparalleled background of greater than 100 revolutionary and environmentally sustainable initiatives accomplished to-date. I’m energized by Kentucky Owl’s early success within the class and am dedicated to constructing a becoming house for this model together with increasing our presence in whiskies general.”

Dedicated? Hardly. In 2018, once I was visiting Bardstown incessantly for a guide I used to be writing, there have been no indicators of progress on Shigeru Ban Architects’ Egyptian sci-fi film set cum whiskey plant, and locals had been starting to wonder if it might occur. When the worldwide pandemic took maintain in 2019-2021, individuals questioned if that might be blamed for development delays whereas a rising variety of others weren’t shopping for it. As time wore on, it turned the butt of press tour jokes as our shared buses rode previous the unchanged web site.

Some further perspective: Within the seven years since Stoli’s announcement of the distillery, Heaven Hill Distilleries introduced and is weeks from finishing section one among a large new distillery and deep customer expertise. That one firm was getting issues accomplished rapidly whereas the opposite hadn’t voiced a peep about what wasn’t taking place at its web site provided one other clue that it was by no means going to occur.

Current releases of Kentucky Owl and Wiseman whiskies have not constructed model confidence both. What made the Kentucky Owl bourbon created by founder Dixon Dedman and companions Mark and Sherri Carter so improbable had been deep shares of uncommon, previous and high-quality sourced barrels that had been expertly blended.

Quick ahead to the 2017 sale to Stoli Group … . It took solely about two years earlier than Kentucky Owl acquired much less thrilling. Expensive Owl releases like St. Patrick’s, Maighstir and Takumi editions got here out, but none flew off the cabinets. If the 2014-2017 KO home model was deep, darkish, wealthy and oaky bourbon, these clearly had been off track. None was unhealthy, however none was as scrumptious as their predecessors. Wiseman, which was intro’d as a price model, additionally was OK. However OK positive appears expensive at $50.

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A few of us noticed this coming again in 2017 when information broke about Stoli buying Kentucky Owl. Try what Bourbon & Banter Sr. Contributor Matt Self says in his put up: Why I’ll By no means Purchase Kentucky Owl (Once more).

Not surprisingly, the chapter submitting revealed that Stoli owes cash to 2 bourbon entities. Bardstown Bourbon Co. claims the previous Owl owes it $5.5 million (for what seemingly is contract distilling and growing old), and barrel brokerage Brindiamo Group says it’s at the moment out about $45,000. These funds could also be a very long time in coming.

The place social media feedback on the chapter have turn out to be attention-grabbing is inside the debate of whether or not this can be a signal of a better gross sales drawback inside American whiskey, or simply failures at Stoli Group. Since Kentucky Owl and Wiseman are such small manufacturers, I facet with the latter group. If these manufacturers disappear, the ripple results received’t unfold all that extensively.

And the model’s small dimension additionally highlights the absurdity of ever constructing a glam-distillery expertise. On the very least it factors to Stoli Group being method over its ski ideas years in the past.

A 3rd social media take—that the trade is due for a model culling, and that is however one among extra to come back—appears extra convincing. Because it’s simply trade individuals’s hunches, I received’t share the names of predicted casualties murmured over cocktails in current months. However what’s constant amongst these manufacturers is dimension. All are small, and most are NDPs. Kentucky Owl is each, and now it’s broke.



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