Waterford Whisky distillery enters receivership due to financial struggles and failed fundraising.

Waterford Whisky distillery, founded by Mark Reynier in 2015, has entered receivership due to failed fundraising efforts and financial struggles. The receivership, appointed by HSBC, could lead to the sale of the distillery or its assets. The company saw a decline in sales and accumulated significant losses and whiskey stock. Reynier expressed regret over the situation, highlighting the setback to the distillery's ambitions as a tourist destination.

November 27, 2024
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