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Add Whisky Monkeys as a Google favoriteThe Irish Killarney Brewing & Distilling Company has permanently closed its doors following a failed rescue attempt. This has serious consequences for the planned whiskey release and for all employees who worked there.
FAQ
- Why did Killarney find no investor despite international interest?
A deal with an investor seemed imminent, but they pulled out at the last minute. - When did problems start for the distillery?
The problems began with the outbreak of COVID-19, but U.S. import tariffs ultimately wreaked havoc on the brewery. -
What happens now with the distillery and its whiskey?
This is still uncertain. It is highly likely that the barrels will be sold to third parties to pay off the debts.
Doors close at Killarney Brewing & Distilling Company, employees left jobless
It has been a tense time as the Killarney distillery struggled to stay open. A few months ago, the company entered administration and a manager was appointed to try to save it from collapse.
Unfortunately, this attempt was unsuccessful. Despite a three‑month protection period, the distillery and brewery. It is known for its artisanal Irish beers, gin, and planned whiskey line could not find a lifeline.
As a result, the doors are now permanently closed. Fifty‑four employees will lose their jobs and the stills have been shut down.
The company has thanked its shareholders and the investment community for their support and expressed gratitude to its employees, praising their 'dedication, passion and resilience during this incredibly difficult time.'
What exactly was happening at Killarney Distillery?
The Irish distillery ran into trouble when the COVID‑19 pandemic began. Its opening was delayed, raw material costs skyrocketed, and deliveries became more difficult. Political tensions later drove costs even higher.
The increased U.S. import tariffs eventually delivered the final blow. There had been hope for a rescue from an American investment partner, but this potential investor withdrew a few months ago.
With no other investor stepping in, the closure of Killarney Distillery became inevitable.
What happens to the maturing whiskey?
The whiskey that was maturing at the distillery will most likely never be released, at least not under the Killarney name.
The planned release had been set for 2028, but it now appears highly likely that the maturing barrels will be sold to third parties.
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