
Major Whiskey Distillery In Texas Files For Bankruptcy
Spirits are down for one distillery in Texas that has filed for bankruptcy with the United States Bankruptcy Court for the Western District of Texas. According to reports, the distillery owes more than $1 million dollars.
Devils River Whiskey opened in 2017 in San Antonio and quickly gained fans of the whiskey. According to MySanAntonio.com, in 2023, actor Dave Bautista became an investor and partner in the business, but lately, Devils River has hit hard times.
Devils River Distillery in San Antonio Files for Bankruptcy
The report states that on May 1, Devils River filed for Chapter 11 bankruptcy protection under subchapter V. That would allow Devils River to reorganize and avoid either closing down or liquidation.
Times have been tough for many distilleries in the past few years, with the amount of whiskey being purchased lowering since 2024.
A report from the Distilled Spirits Council of the U.S. analyzing 2024 trends found that spirit supplier sales fell 1.1% in 2024, or $37.2 billion. It's possible this might have impacted Devils River's sales.
Devil's River will remain in business as they go through bankruptcy.
Visitors can still visit the distillery in San Antonio which is located at 401 E. Houston Street at different times throughout the week.
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