Workflow
Fernet herbal bitters
icon
Search documents
Stock Spirits to close factory in Germany
Yahoo Financeยท 2025-09-15 13:42
Group 1 - Stock Spirits Group will close its production facility in Hamburg, Germany, due to increasing costs, with the closure planned for early 2027 [1][2] - The decision is described as "difficult" and is influenced by pressures in the spirits industry, including changing consumer behavior and rising operational costs [1][2] - The closure is deemed necessary for the long-term competitiveness and sustainability of the group [2] Group 2 - The Hamburg plant currently employs 36 people, and the company previously closed its Baltic Distillery in Dettmannsdorf, which employed 35 staff [2] - The Hamburg facility primarily produced pure alcohol for Stock Spirits' products [3] - Stock Spirits has strengthened its presence in the UK through the acquisition of The Drinks Company, an importer and distributor [3]