Amber Beverage Group Initiates Judicial Reorganisation to Address Debt Obligations
Amber Beverage Group has initiated judicial reorganisation proceedings, securing a moratorium on its debt obligations until 24 August 2026. The move follows a default on bond repayments and financial struggles at its Latvian subsidiary, Amber Latvijas Balzams, which faced liquidity issues due to external challenges. The company cited geopolitical issues, a cyberattack, and a downturn in the global spirits market as contributing factors.
Topics: corporate insolvency debt financial crisis moratorium restructuring